Property News · September 27, 2016

London second most over-valued property market in the world, says UBS


Bank’s new ‘bubble index’ rates Vancouver as the city with most unsustainable house prices and puts several cities in midst of property bubbles London now has the second most over-valued property market in the world, beaten only by Vancouver in Canada, according to a new “Bubble index” compiled by Swiss bank UBS. Two years of strong price growth, mostly fuelled by an influx of Chinese buyers, have pushed Vancouver above London, which was last year’s “top” city, as the place with the world’s most unsustainable house prices. Continue reading…

Source : theguardian.com
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