Housing Bubble Risks Are Accelerating Across Europe, Hong Kong
- Frankfurt and Toronto top danger zone ranking in UBS report
- Prices fueled by search for larger homes, low interest rates
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The risk of housing bubbles across Europe has accelerated as the pandemic sparked a global spending spree on larger living spaces that was turbocharged by central banks’ aggressive stimulus.
With Frankfurt topping the list, European cities accounted for six out of nine of the world’s most imbalanced housing markets, according to UBS Group AG’s Global Real Estate Bubble Index released on Wednesday. Bubble risk also accelerated in Toronto, Hong Kong and Vancouver, the report showed.