A Comprehensive Housing Market Study for the Greater Male’ Region
Housing is one of the basic needs essential for healthy living, welfare, social attitudes and economic productivity of an individual. Like many other countries, one of the main challenges faced in meeting the housing need in Maldives is provision of affordable housing, especially in the capital city Male’. Housing Development Corporation in consultation with the Maldives National University and Islamic University of the Maldives undertook this study, “A comprehensive Housing Market study for the greater Male’ region” in order to explore and address the challenges faced in meeting housing need. Hence, the objectives of this study were to explore the local housing conditions and trends, to identify housing choices in a demographic and geographic context, to analyse and forecast the housing market stock, supply and housing finance options and to determine a housing market equilibrium.