Swiss bank UBS has reported about the rising risk of a housing bubble in some major cities across the world. According to the bank’s index (Global Real Estate Bubble Index), the bubble risk has grown in Toronto, Stockholm, Munich, Vancouver, Sydney, London and Hong Kong. In contrast, housing is fairly valued in Milan, New York, Singapore and Boston.
The attractiveness of the economically strongest cities across the world remains high and increases the bubble risk in the real estate market.
“Great interest in housing, both from foreign ...
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