Rising living costs are forcing households to retrench, narrowing the financial room available for housing goals and potential home purchases.
A Habitat for Humanity survey spanning 22 countries found that 75% of respondents had cut expenses during the cost-of-living crisis. The result points to broad pressure on household budgets across markets facing higher everyday costs.
For prospective buyers, reduced discretionary spending can reflect a more constrained path toward the savings and financial resilience needed for homeownership. Developers, lenders and brokers face a market in which affordability concerns extend beyond the purchase price of a property.
The findings also reinforce the importance of examining household financial capacity alongside housing supply and financing conditions. Read the survey coverage published by HousingWire.
