USB Releases Global Property Index
First Published: ADawnJournal.com Published Date : November 30, 2015
The UBS just launched its Global Real Estate Bubble Index that tracks the risk of property bubbles across the globe by analyzing various metrics. The risk of a property bubbles has increased dramatically for global cities, according to the USB report.
Here are the top ten cities on the list facing bubble risk:
– Hong Kong
– San Francisco
Some highlights from the report:
– London is the most vulnerable city to have a property bubble.
– Sydney is the world’s most overvalued city.
– US city San Francisco is overvalued, but New York and Boston are fairly valued, and Chicago is undervalued.
– Vancouver prices in 2015 are 25% higher than they were in 2006.
– Sydney prices in 2015 are 30% higher than they were in 2012.
– Amsterdam is the second-most susceptible city on the continent.
– Hong Kong, the second riskiest city after London, has been in bubble risk since 2011.
– In Hong Kong, a worker would need to work 14 years to buy a 60 sq meter apartment.