There are some countries with beautiful names but you will be surprised to know they have a bad housing system even though they have beautiful houses that will stupefy you.
When we say housing system, we mean the organization of housing matters in a geographical location.
These five countries top our list of locations in the world with bad housing system. Our selection criteria include housing density, affordability, and health conduciveness.
This is the country with the highest population density in the world about 25,718 people per sq. km. A surprising fact is that 1 in 50 people living in this country is worth more than $30 million. How then does this wealthy country get listed in our top5 countries with bad housing system?
The Financial Times published a news June 28, 2018, stating that young Monegasques can’t afford to buy or rent properties in the country. The price of properties here is about three times the average for New York City in the United States.
Monaco is not a place for the less privileged. Don’t you think this might contribute to the reason they have less terrorist issues? Price of a land could make the terrorist organization go bankrupt. To live here, you need to double your paycheck
The government of Rwanda had to intervene to control the country’s poor housing system in 2017 by professing that it would make renting and buying of houses affordable for the middle class.
Due to the low availability of land in Rwanda, many times, the government will have to clear a settlement for commercial project forcing the occupant to cheap housing estates.
3. Hong Kong
The Asian country with the largest wealth gap was also lucky to make our list too. Hong Kong is renown for its Cage Homes because most of its citizen cannot afford to buy house and land, and there is a low availability of land too.
The government in its intervention provided public housing, but most of the citizens who applied have not received any so far. The city is now getting widely populated with Nano flats about 19 sqm which is approximately the size of two standard parking spaces in Hong Kong. If you wish to get suffocated while sleeping, consider moving to Hong Kong.
This country too is not spared of our analytical sword. It is on the list! Oh! You are loving it.
Most lands in Bangladesh is covered in rivers and lakes. It is predominantly a rural country with more than 70 percent of its citizen living around 80,000 villages. Where did the remaining population live? In the 525 urban centers in the state! For people who might love living in an expensive village, Bangladesh is a good option.
The giant of Africa is a suited description of Nigeria in the 80s ― it is inappropriate today. African countries like South Africa economy is far-off than that of the so-called giant of Africa. The middle class could barely afford to rent and buy a house here, not after deducting monthly expenses. The few that could do are constantly faced with the problem of “Omo Onile”, these set of thugs claim commission on land purchased by citizens; lands are purchased twice ― from the landlord, then the thugs.