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Affordable housing market growing in BRIC countries


The affordable housing market in BRIC (Brazil, Russia, India and China) countries is forecast to grow at a CAGR (Compound Annual Growth Rate) of 7.22 percent during the period 2016-2020, according to a new report released by Technavio, a technology research and advisory company. Entitled, Affordable Housing Market in BRIC Countries 2016-2020, the report was prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, analysts considered the expected demand for new units across BRIC countries during the forecast period. The BRIC countries have a large and growing middleclass population with increasing disposable incomes. Affordable housing provides the middle and low-income population with the opportunity to own independent houses.

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