World's Riskiest Cities for Property Bubble

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:

– London

– Hong Kong

– Sydney

– Vancouver

– San Francisco

– Amsterdam

– Geneva

– Zurich

– Paris

– Frankfurt

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.