Advisory Center for Affordable Settlements & Housing

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Edited By Saba Bilquis
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Housing and Housing Finance challenges

World Population today is 7.12 billion (bn), and by 2050 will be 8.92 bn plus. Almost half of the World lives on less than $ 2.50 a day. Nearly 80% are under $10 a day. Worldwide, some 830 million people live in urban slums and by 2020, it is estimated the world slum population will cross 1 bn. Every second person on the globe lives in Urban areas. Expected to reach more than three out of four (70%) by 2050. The world needs 4,000 houses an hour to keep up with demand (UN-Habitat). In view of this population and urbanization explosion: The percentage of people without access to decent, stable housing is rising. Adequate housing is vitally important to the health of the world’s economies, communities, and populations. If we are to succeed in the fight against poverty, we must support the expansion of housing both as policy and as practice.

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