Low-Cost Housing and Cost Analysis

Low-cost housing is a major global issue that affects millions of people and communities around the world. With increased urbanisation and population growth in many developing countries, there is a greater than ever demand for affordable and sustainable housing. The goal of this is to present a comprehensive overview of the concept of low-cost housing, its significance, and potential solutions. The paper begins by defining low-cost housing as affordable housing units designed to suit the needs of economically disadvantaged individuals or families. It underlines the socioeconomic benefits of low-cost housing, such as reduced poverty, improved living conditions, and increased social inclusion. This study stresses the essential importance of addressing the global housing crisis. It offers useful insights for policymakers, researchers, and practitioners working to improve housing accessibility and affordability for all by emphasising the social, economic, and environmental benefits of affordable housing and exploring innovative construction techniques and sustainable approaches.