Rapid urbanisation is a defining characteristic of our time. By 2050 more than two thirds of the world’s population will live in cities and most of the future urban growth concentrated in Africa and Asia.
Rapid and unplanned urbanisation presents challenging human and environmental consequences. In many parts of Africa and Asia urbanisation has become synonymous with informal settlements, with an estimated 40% of the world’s urban explosion happening in slums.
Wealth of Benefits
In the context of the Covid-19 pandemic, affordable housing has received heightened attention from policymakers, urban planners, investors and academics. Despite the urgent need, the problem of delivering affordable housing at scale is far from solved.
The challenge ahead is vast, but so too is the opportunity. Reall is spearheading an affordable housing movement which accelerates disruption, supports policy change and political will and spearheads financial innovation to narrow the 1.2 billion housing deficit.
Affordable housing that doesn’t cost the earth
In demonstrating the need and opportunity to invest, Reall works with key players at global and national level to transform affordable, inclusive and climate smart housing markets for people on low incomes in Africa and Asia.
In a rapidly changing environment, Reall innovates in areas where it sees progress and opportunity. Working with our partners we drive disruptive technologies, climate innovations and invest in proof of concept build projects to evidence the commercial viability of climate smart affordable homes.