Over the past five years, the residential real estate market in the National Capital Region (NCR) has witnessed a significant shift, with luxury units experiencing a surge in demand while affordable housing units see a decline post-pandemic.
Real EstateAffordable HousingLuxury HomesNcrPostpandemicReal Estate NewsApr 26, 2025
The main reason for the decline in affordable housing in the NCR is the increased focus on luxury housing by developers, who are attracted to higher profit margins and quicker sales. Economic pressures and the pandemic have also made it more challenging for middle-income households to afford homes.
The pandemic has accelerated the demand for luxury housing as buyers seek more spacious and amenity-rich homes. It has also increased economic pressures on middle-income households, making it harder for them to afford homes in the affordable segment.
The shift towards luxury housing has boosted the construction and real estate industries but has also contributed to rising property prices and increased inequality. Middle-income families are finding it increasingly difficult to afford homes, which can have long-term social and economic consequences.
The government has launched initiatives such as the Pradhan Mantri Awas Yojana (PMAY) to provide housing for all by 2022. However, the implementation of these programs has faced challenges, and their impact on the housing market has been limited.
To address the disparity, a multi-faceted approach is needed, including increasing government support for affordable housing projects, incentivizing developers to build more affordable units, and implementing policies to control property prices. Improving infrastructure and connectivity in suburban areas can also make them more attractive to buyers.
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