Vancouver, London & Stockholm at Risk of a Housing Bubble

Vancouver, London & Stockholm at Risk of a Housing Bubble

According to a UBS Group analysis of 18 financial centres, Vancouver, London & Stockholm were ranked as cities at the most risk of a housing bubble.  Housing prices in these cities have increased on average by almost 50% since 2011 as compared to the other financial centres which have increased less than 15%.

“Housing prices in these cities have increased on average by almost 50% since 2011 as compared to the other financial centres which have increased less than 15%.”

~UBS

Vancouver ranking climbed from fourth to first place in 2015 after their housing prices doubled in the past decade. Due to this, the government recently imposed a 15% tax on foreign buyers in an attempt to bring down the prices.

Related Reports: Bloomberg, ABC 

 

About UBS Global Real Estate Bubble Index

The UBS Global Real Estate Bubble Index is designed to track the risk of housing bubbles in global financial centers.

Visit: UBS Global Real Estate Bubble Index


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