The global housing crisis is hitting wealthy nations as hard as poor ones, UN Secretary-General António Guterres warned on Monday, telling delegates at the World Urban Forum in Baku that "no society is immune, from fast-growing cities in the developing world to advanced economies with high rents and rising homelessness."
In a video message to the world leaders and policymakers gathered for the forum's second day of talks, Guterres said the crisis affecting nearly 3 billion people was "accelerating" amid "wider economic and geopolitical instability" and called on governments to put housing "at the centre of sustainable development."