UBS real estate bubble index flags Zurich, Tokyo as highest housing bubble risks - UBS News | RalliesUBS real estate bubble index flags Zurich, Tokyo as highest housing bubble risks
U
UBS• UBS global real estate bubble index highlights highest-risk markets
- UBS Global Real Estate Bubble Index 2026 flagged Zurich as the highest housing bubble risk, followed by Tokyo.
- Miami dropped from top spot to elevated risk; Dubai, Seoul, Geneva, Lisbon also elevated.
- Moderate risk covered Los Angeles, Sydney, Toronto; Paris, London low risk, alongside New York, San Francisco, São Paulo.
- Higher-for-longer financing costs seen capping near-term price gains; ownership costs for new 60 sqm homes exceed 40% of skilled income.
- Real house prices rose about 10% in Seoul, Lisbon, Madrid, Hong Kong; Vancouver, Toronto fell about 10%.
•
