Economics
These May Be the World’s 10 Riskiest Housing Markets
- Risks relatively limited for major markets like U.S., Germany
- Stretched valuations can have a significant impact on economy
Houses stand by the waterfront in the suburb of Woolwich in Sydney, Australia.
Photographer: Brendon Thorne/Bloomberg
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Housing market dangers are “especially acute” in Australia, Hong Kong, Canada and Sweden, Oxford Economics said, noting this has historically posed a threat to economic activity.
“In all four, valuations are very elevated, there has been a lengthy housing boom, debt levels are high and there is a significant share of floating rate debt,” Adam Slater, lead economist at Oxford, said in a research note.