Image default
Greek News

The 10 cities in the world with the highest risk of housing bubbles (infographic)

Munich was deemed the city with the highest risk of a housing bubble developing in a recent survey released by investment bank UBS. Other cities at risk include Amsterdam, Toronto, Vancouver and Frankfurt, placing two Canadian and two German cities in the top 7.

Amsterdam recorded the strongest annual price increase of any city in the survey since it was first released in 2015. Real prices increased by close to 10 percent, accompanying a wave of speculative buying. Dubai was the city where conditions eased most noticeably after housing boomed between 2010 and 2014 in connection to high oil prices.

Looking at the ratios of housing prices to rent, housing prices to income, the increase in mortgage payments to the increase of GDP, the increase in construction spending to the increase of GDP and, finally, the ratio of housing prices in the city and the surrounding areas, UBS determined their risk index. Out of 24 cities included in the survey (all of which are known for their high real estate prices), seven were found to be in bubble-risk territory. Twelve more were considered to have an “overvalued housing market”, among them Zurich, London and San Francisco as well as Madrid, Stockholm and Sydney. The only city with an “undervalued” housing market according to the survey was Chicago.

source statista

Σχετικα αρθρα

The Greek economy records an impressive growth rate of 13.4% in the third quarter, ELSTAT says

admin

Amazon: Greece in the club of technologically important markets with the new investment

admin

Travel Stocks Crumble Amid Omicron Fears (infographic)

admin

Construction of the longest highway in Europe is underway in Crete

admin

Ten Greek shipowners in Lloyd’s top 100 List

admin

Covid Put a Dent in the Unstoppable Rise of Black Friday (infographic)

admin

Teleworking during Covid pandemic boosted productivity, survey shows

admin

Apple blocks sale of iPhones in Turkey, as the Lira continues its slide

admin

20-Year Returns: Monster Eats Apple for Breakfast (infographic)

admin

Turkish Lira continues its fall hitting new record low

admin

Jeff Bezos’ Little Helpers (infographic)

admin

Greeks lead the global race in ship ownership with 17%

admin