noun · academic
affordability
UK/əˌfɔːdəˈbɪləti/US/əˌfɔːrdəˈbɪlɪti/af·for·da·BIL·i
the extent to which people can afford the cost of something, especially housing
Examples
“Rising house prices have hit the affordability of homes for first‑time buyers.”
“Policymakers must consider affordability when planning new developments.”
“Measures such as subsidies can improve housing affordability.”
Band 8 sentence
“Addressing housing affordability requires targeted subsidies and long‑term planning rather than short‑term market fixes.”
Collocations
- housing affordability
- improve affordability
- affordability crisis
Word family
Common mistakes
many affordability problems→affordability problems
the affordable→affordable housing / the affordable option
to improve the price of housing→to improve housing affordability
Say it for a higher band
5price→6cost→7+affordability
Synonyms
cost
price
Easily confused
availability
“There are plenty of houses on the market, but availability does not guarantee affordability.”
Related words
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In City & Urban life
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