Private Housing Sector

The private housing sector refers to housing owned, built, and managed by private individuals or companies, rather than by the government. It includes private residential developments, apartments, and homes bought or rented by individuals, and is driven by market demand and investment. This sector plays a key role in providing housing options, influencing affordability, and shaping neighborhood character. It operates within the broader housing market, responding to factors such as economic conditions, interest rates, and urban planning policies. Overall, it’s a vital part of the housing ecosystem, offering diverse living choices for a wide range of households.