UN-Habitat released the World Cities Report 2026 at the World Urban Forum in Baku, Azerbaijan.
The report states that nearly 40% of the global population, around 3.4 billion people, face a housing crisis due to unaffordable housing, poor living conditions, and a lack of basic services.
The global house price-to-income ratio increased from 9.3 in 2010 to 11.2 in 2023, while Central and South Asia recorded a high ratio of 16.8.
Around 44% of households worldwide spend more than 30% of their income on housing, showing rising rental and housing burdens.
Indian cities like Mumbai and Delhi recorded high housing price-to-income ratios of 14.3 and 10.1, respectively.