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Affordable Housing in GCC countries

Hussein Elasrag ()

MPRA Paper from University Library of Munich, Germany

Abstract: The right to adequate housing is internationally recognized as an important component of the basic human right to an adequate standard of living and the United Nations Housing Rights Program UN-HABITAT agenda states that "Governments should take appropriate action in order to promote, protect and ensure the full and progressive realization of the right to adequate housing." As we have seen GCC governments are making great strides to improve the housing situation in the region. They are investing their oil revenues not only in education but also in housing projects. However, it is vital that governments make affordable housing a national priority. They should take into consideration the rising aspirations of a growing young population and look for new ways to establish affordable housing projects. The Paper concludes with recommendations that can help with releasing the housing problem and deals with the local economy and environmental conditions.

Keywords: Affordable Housing; GCC countries; Housing Rights (search for similar items in EconPapers)
JEL-codes: H53 H75 I3 R31 Z18 (search for similar items in EconPapers)
Date: 2014-11
New Economics Papers: this item is included in nep-ara
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:68692

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