housing and accommodation has become a major problem in many countries

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Nowadays the prices of apartments are soaring in each and every developing and developed country. While affording a house has become a far cry for many hard-working individuals, In
this
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essay, I,
on the other hand
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, will discuss some of the reasons attributing to the aforementioned problem.
To begin
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with, some people, who believe that purchasing a well-furnished living space in major metropolitans is out of their league, might say
this
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because of the abrupt growth the of real estate sector in the
last
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decade. The reason for
this
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is that many cities have been witnessing the influx of a horde of individuals moving from sub-urban locations and different countries to
such
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towns for the sake of better standards of living. To illustrate
this
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point, hundreds of folks, if not thousands, reallocate to, let us say The US, for better career growth, which is absent in their native land.
Additionally
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, it is because of the reason mentioned above the market value of a lot of accommodations in many major urban townships would rise steadily owing to the forces of demand and supply at work.
For example
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, a report published in one of the gazette newspapers
,
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apply
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suggested that the real estate sector in many nations has witnessed a double-digit growth compounded annually over the
last
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decade, making it unaffordable for people from all walks of life.
In contrast
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, if
this
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trend were to follow in the coming years, law-abiding citizens would have no option but to rent spaces
instead
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. In conclusion,
although
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moving to major cities has filled the lives of a horde of hard-working professionals with better jobs and high incomes,
this
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, in turn, has inflated the cost of living in many urban cities.
Submitted by utsavchandel26sep on

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