Polycrisis: Factors, impacts, and responses in the housing market

The phenomenon of polycrisis poses a significant and pressing challenge to the global community in the present era. The issues show diverse origins, consequences, and remedies, yet possess the capacity to profoundly disrupt the lives of countless individuals globally. The objectives of this study are to identify the factors, impact, and responses related to the occurrence of polycrisis in the housing market globally, with the goal to increase awareness among housing market regulators and participants who have been directly impacted by polycrisis and to ensure preparedness for future crises. A qualitative research method was employed in this study, where a desktop study was conducted to fulfil the research objectives. The qualitative data was then subjected to a thematic analysis. To address polycrisis effectively, a thorough strategy is necessary, considering historical occurrences, present conditions, and future potentialities. Therefore, this paper holds significant value for governments, businesses, and individuals looking to reduce their environmental footprint and effectively handle the consequences of economic, political, and social upheavals. The study is in line with both local and global goals, including the Sustainable Development Goals (SDG) 8, 11, and 13.