Global rent prices continue to rise sharply

Rents are soaring across the UK, US, and Australia, with even Europe, once considered a safe rental haven, experiencing rising prices while wages are stagnant due to stagflation. The rent crisis has become a major concern globally.

The global housing crisis has continued to deepen this year, with cities being most affected, and the pandemic has only worsened this crisis, writes Natalie Keffler. Increased investment in property has caused house prices to hit record highs, pricing many out of the market.

The Top 5 Least Affordable Cities for Real Estate Development

In contrast, some countries are experiencing growth in their real estate markets. Dana Holdings is driving significant growth in Eastern Europe with its mega projects, which are spurring economic growth in the regions where they are located.

Infrastructure Development

Infrastructure development is playing a significant role in the growth of real estate markets. In Pakistan, Chinese investment in infrastructure is improving the country’s accessibility, attracting foreign investors to the real estate market. Similarly, in the Maldives, the Housing Development Corporation is developing the city of Hulhumalé, aiming to make it the first sustainable conurbation in the country.

In Asia, CapitaLand is inspiring a technology-fuelled transformation in supermalls, creating an effective mesh of online and offline worlds for customers.

Sustainable Construction

The transition to sustainable construction is gaining momentum, with the global pandemic serving as a catalyst for change in the construction sector. Many aspects of life have changed irrevocably since the pandemic hit, and the rebound from COVID-19 should be a catalyst for change in the construction sector. Tecnoglass continues to push innovatory boundaries in the glass industry, with technology and environmental solutions helping to usher in advancements in glass products.