Measuring Affordability of the Middle Income Group Bangladesh

Housing affordability has been an indicator of socioeconomic status. Due to the rapid urbanization of developing countries like Bangladesh, the dousing demand is always on a high. This increasing demand opposite to a lack of supply makes houses unaffordable for the middle-income groups in metropolitan cities like Rajshahi.

This research is carried out to examine the level of housing affordability of the middle-income groups in Rajshahi by using Price to Income Ratio (PIR) approach. PIR is applied to the residential units provided by the Real Estate agencies, which reveals that these are moderately to severely unaffordable for the target group. It is hoped that this paper could be able to provide a clear understanding and useful insight into housing affordability for the middle-income group of Rajshahi.

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