A report by UBS analyzed price growth in 25 major urban housing markets around the world from the second quarter of 2019 through the second quarter of 2020.Visit Business Insider's homepage for more storiesOn a global scale, the housing market has shown strength during the coronavirus pandemic, despite the economic downturn. First, as home prices are a backward-looking indicator of the economy, UBS said they therefore react with a delay to economic downturns.
In 21 of those cities, price growth accelerated over the past four quarters, a trend that USB has called unsustainable. "The coronavirus crisis has left hardly any traces on the owner occupied market. Housing located near the city center has even benefited from increasing demand over the last few quarters," the report reads.
According to UBS, the increase is a result of low mortgage rates and a growing demand in the luxury market from foreign investors. To support this prediction, UBS points to Hong Kong's limited new construction, its history as "the key financial hub within the Greater Bay Area," people seeking citizenship there to avoid the global tax in China, and its low rate of foreclosures.
kuku27 If 7 cities around the world are most at risk of a housing market crash, others will not be left behind. This is infectious in estate industry, chain reaction takes place
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Instagram star @MrsDowJones shares an inside look at a day in her life - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Inside the heated debate over TikTok rival Triller's user count - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Stock market outlook: Why US elections will drive volatility and risk - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
How to find and land new business and make sales in a virtual world - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »
Unemployment is world's biggest risk, business leaders sayUnemployment is seen as the biggest worry over the next 10 years for business executives around the world, closely followed by concern about the spread of infectious diseases, according to a survey by the World Economic Forum. Flies are attracted to shit. Haha haha. Look at the fly on pence head . Holy fuck. I’m cracking hard. Laying in ground laughing Money isn't real. TaxTheRobots RetireHumanity
Fuente: Reuters - 🏆 2. / 97 Leer más »
Nassim Nicholas Taleb to speak at the Business Insider Global Trends Festival 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »