Albany, NY -- (SBWire) -- 02/10/2016 --The BRIC countries have a large and growing middle-class population with increasing disposable incomes. Affordable housing provides the middle and low-income population with the opportunity to own independent houses. Also, the governments in these nations provide benefits such as tax incentives to promote affordable housing development. The PPP model for the construction of affordable housing is also gaining popularity in BRIC countries. It helps developers utilize the land available with the government for multiple purposes, besides helping them get fast and easy approvals. Demand is far outstripping the supply of such housing. The affordable housing market in BRIC to grow at a CAGR of 7.22% during the period 2016-2020.
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The report covers the present scenario and the growth prospects of the affordable housing market in BRIC countries for 2016-2020. To calculate the market size, the report considers the expected demand for new units across BRIC countries during the forecast period.
The market is divided into the following segments based on geography:
- Russia
- India
- China
Technavio's report, Affordable Housing Market in BRIC Countries 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Ansal Housing and Construction
- Brookfield
- China State Construction Engineering
- CITIC Construction
- Etalon Group
- Gafisa
- LSR Group
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Market driver
- Demand for affordable housing
- For a full, detailed list, view our report
Market challenge
- Haphazard project management
- For a full, detailed list, view our report
Market trend
- Adoption of PPP in affordable housing
- For a full, detailed list, view our report
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Key questions answered in the report includes -
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Affordable Housing Market in BRIC to Grow at a CAGR of 7.22% During the Period 2016-2020
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