The government needs to give the private sector more incentives to encourage investment in the affordable housing market, which traditionally has low profit margins, industry experts said.
Public-private partnerships (PPPs) is the long-term solution to increase the supply of affordable housing in the market, they said yesterday at the MENA Mortgage and Affordable Housing Congress.
Traditionally, the government has directly intervened in providing affordable homes but it needs to shift towards being an “enabler” of private sector participation, Maysa Sabah Shocair, MENA advisor at the Affordable Housing Institute, told Gulf News.
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