UBS: Dubai is the only survivor from the danger of an expected real estate bubble for major global cities
The Global Real Estate Bubble Index issued by UBS Bank for the year 2021, which is an annual study conducted by the Principal Investment Office of the Global Wealth Management at UBS Bank, confirmed that the risk of a real estate bubble in the world's major cities has increased during the current period, in Several major cities tracked by the index.
The bank indicated in its study issued today, of which (Emirates Today) obtained a copy, that Dubai is the only real estate market expected to move against the trend during the coming period, as it is one of the least undervalued markets.
The study indicated that cities such as Frankfurt, Toronto and Hong Kong lead the index this year, with the three cities receiving the most pronounced real estate bubble risk assessments in the housing markets analyzed.
The study indicated that the risks also increased in Munich, Zurich, Vancouver, and Stockholm, as these cities returned to the risk of a real estate bubble.
The list was completed with the addition of cities such as Amsterdam and Paris, and all the American cities that were evaluated, including Miami, Los Angeles, San Francisco, Boston and New York - entered the area of overpricing, and imbalances in the housing markets also increased in both Tokyo, Sydney, Geneva, London, Moscow, Tel Aviv and Singapore. .
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