Oct
29
London and Hong Kong Facing Housing Bubble Risk, UBS Says
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Sydney, Vancouver, San Francisco are significantly overvalued
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London home values have surged 40% since beginnning of 2013
London and Hong Kong are the cities most at risk of a housing bubble as real estate begins to look overvalued, according to UBS Group AG.
The U.K. capital is now the second-least affordable of the 15 urban centers studied by UBS, trailing only Hong Kong, the report said. Price-to-income and price-to-rent values have surged to all-time highs even as real earnings have fallen 7 percent in London since 2007, UBS said…
London and Hong Kong Facing Housing Bubble Risk, UBS Says
