Above 38% of Pakistanis Lives in Overpriced Homes

Above 38% of Pakistanis Lives in Overpriced Homes

  • Last Updated on: 21 February , 2024

The World Bank (WB) estimates that 38% of Pakistan's city populace lives in overpriced housing, with a couple of in 3 city citizens in Pakistan going through such conditions. 

A breakdown through province famous good sized versions among the 2 techniques for Khyber Pakhtunkhwa (KP), in which the fee of home affordability almost doubles. 

In order to undertake the Residual Expenditure Methodology (REM) for city Pakistan, World Bank encouraged a changed technique to quantify housing affordability through estimating a housing poverty fee.   

The financial institution proposed the Residual Expenditure Methodology (REM), a changed residual profits approach (RIM) approach that allows it to calculate a "housing poverty" line which will gauge housing affordability.   

The WB paper claims that the cautioned housing poverty degree provides drastically to the pool of units to be had to gauge housing affordability, specially in rising nations.   

According to the research, the housing poverty approach may be replicated on the provincial stage and at even better ranges of spatial disaggregation primarily based totally at the availability and representativeness of the statistics.

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