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UBS: These 8 housing markets around the world are closest to a bubble





toronto

Homeowners in Toronto face the biggest risk worldwide of seeing their property values collapse.

That’s according to UBS’ latest annual Global Real Estate Bubble Index, which examines which housing markets have experienced unsustainable price increases.

“Annual price-increase rates of 10% correspond to a doubling of house prices every seven years, which is not sustainable,” the report said. “Nevertheless, the fear of missing out on further appreciation predominates among home buyers.”

Buyers are being egged on by easy financing conditions, growing wealth among the ultra-rich, and a shortfall of building supply relative to demand, the report said. By overblowing the impact read more >>>

Source:: BusinessInsider.Com

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