The Global Urban Competitiveness Report 2017-2018: House Prices, Changing the City World

Today’s world is undergoing fundamental changes. On one hand, globalization is reaching a new level despite some ups and downs, emerging economies represented by China are growing rapidly and the global landscape has experienced and will continue to see more changes to come. On the other, technology innovation is striving to come up with breakthroughs; it has changed and will continue to reshape the forms and landscape of global economy. In the 21st century, cities have become the mainstream carrier and platform for human activities. Globalization, technology innovation and changes into the global economic landscape will determine the future of global cities and urban system. Therefore, studying the development environment, living environment, competitiveness and sustainable development of global cities and urban system, and accordingly proposing innovative theories and countermeasures, will mean a lot for improving the business environment and living environment in cities, promoting urban prosperity, reducing urban poverty, and increasing the benefits of urban residents on a global scale. Residential property has multiple attributes. It is an indispensable condition for human survival and development, immobile and valuable. It is also an important investment and economic sector. Its influence is felt by households at the micro level and the economy and society at the macro level at the same time. For this reason, the housing issue is one of the most important and challenging issues in the universe of cities. Worldwide, nearly one billion urban residents are crowded in slums, and billions more are overwhelmed by the sky-high housing price. A great concern shared by urban residents across the world, the housing price exerts impact on the global urban landscape and its changes. Governments, international organizations and numerous scholars and experts have long been dedicated to the studies of the housing issue. Despite some progress, deeper theoretical research, comprehensive policy evaluation, extensive experience summarization and constant innovation and exploration are still needed to obtain a fundamental solution. International collaborative theoretical, policy and experience research among scholars in related fields is a particularly important part of the efforts. 

Source: UN-Habitat

This article is culled from daily press coverage from around the world. It is posted on the Urban Gateway by way of keeping all users informed about matters of interest. The opinion expressed in this article is that of the author and in no way reflects the opinion of UN-Habitat.

Author: 
Chinese Academy of Social Sciences and UN Human Settlements Programme

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