Sri Lanka has been ranked the second most unaffordable housing market globally, according to a report by The Economist.

The study highlights a growing housing crisis across Asia, driven by rapid urbanisation and a severe shortage of affordable homes.

With millions living in substandard conditions, high housing costs are limiting economic growth and discouraging migration to cities.

Experts warn that improving access to safe, affordable housing could boost productivity, increase school attendance, and enhance overall quality of life across the region.