The 3 cities in the world most at risk of a housing market crash - Business Insider

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The 3 cities in the world most at risk of a housing market crash

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.The top 3 are Munich, Frankfurt, and Toronto.On 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 react with a delay to economic downturns.

The report analyzed annual house price growth rates in 25 major cities from 2001 through the second quarter of 2020. The markets in the study were Munich, Hong Kong, Zurich, Paris, Singapore, London, Geneva, Frankfurt, Stockholm, Vancouver, Milan, Toronto, Tel Aviv, Sydney, New York, Moscow, Amsterdam, Madrid, Tokyo, San Francisco, Los Angeles, Boston, Warsaw, Dubai, and Chicago.

Munich ranked number one on the UBS Global Real Estate Bubble Index, and poses the biggest bubble risk of the 25 cities included in the analysis.

 

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