The Rising Cost of Living For Family

Unaffordable Housing Price

The country has gone through a rapid urbanization process where the percentage of urban population has increased rapidly from 50% in 1990 to 74% in 2014 and is projected to increase to 80% by 2030 and 86% by 2050 (UN, 2014; Martin Prosperity Institute, 2017). This has led to the rising prices of housing in the country.

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