AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Global cities housing price index9/9/2023 Economic activity has spread outward from city centers to their (sometimes distant) suburbs and satellites-and so has the demand for housing. However, city life has suffered a considerable blow from lockdowns. In addition to lower financing costs, urbanization was the main pillar of house price appreciation in city centers in the last decade. Dubai is the only undervalued market and the only one to be classified in a lower category than last year. Housing market imbalances are also high in Tokyo, Sydney, Geneva, London, Moscow, Tel Aviv, and Singapore, while Madrid, Milan, and Warsaw remain fairly valued. All US cities evaluated-Miami (replacing Chicago in the index this year), Los Angeles, San Francisco, Boston, and New York-are in overvalued territory. Amsterdam and Paris complete the list of cities with bubble risk. Risk is also elevated in Munich and Zurich Vancouver and Stockholm have both reentered the bubble risk zone. Zurich, 13 October 2021 – The UBS Global Real Estate Bubble Index 2021, a yearly study by UBS Global Wealth Management's Chief Investment Office, indicates that the bubble risk has on average increased during the last year, as has the potential of a severe price correction in many of the cities tracked by the index.įrankfurt, Toronto, and Hong Kong top this year’s index, with the three cities warranting the most pronounced bubble risk assessments in the analyzed housing markets.
0 Comments
Read More
Leave a Reply. |