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How many people rent? Nearly one out of three households in Latin America and the Caribbean (32 percent) suffer from inadequate housing, and the housing deficit is growing, according to "Room for Development: Housing Markets in Latin America and the Caribbean", the latest edition of the IDB's flagship publication Development in the Americas.
Rental housing could help address the shortage. The region, however, doesn't seem to be taking advantage of this opportunity. As shown in the figure, the proportion of tenant households in Latin America and the Caribbean less than half the euro area average.