Abstract
The McKinsey Global Institute, an economic think-tank, last year published a report on global housing. The report finds that City dwellers globally pay $650bn a year more on housing costs than they can afford and wages of low income earners lag growth in housing costs leading to greater income inequality and out-migration of skilled workers.
Original language | English |
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Journal | Journal of the Society of Chartered Suveyors |
DOIs | |
Publication status | Published - 1 Jan 2015 |
Externally published | Yes |
Keywords
- global housing
- housing costs
- income inequality
- out-migration
- skilled workers