Key findings from this year’s report
Over the last four quarters, global home prices remained virtually unchanged in inflation-adjusted terms, as housing affordability weighed on demand.
- Miami shows the highest bubble risk, followed by Tokyo and Zurich.
- An elevated risk is evident in Los Angeles, Geneva, Amsterdam, and Dubai – which recorded the strongest risk increase from the prior edition.
- Madrid recorded the strongest real annual price growth among all analyzed cities.
- Risks are moderate in Sydney, Vancouver, and Toronto. Madrid, Frankfurt and Munich also fall into the moderate-risk group.
- According to the index, London, Paris and Milan face low bubble risk.
- Outside Europe, Hong Kong, San Francisco, New York and São Paulo are in the same category, with São Paulo showing the lowest risk among all cities analyzed.
Download the report today
Read the Global Real Estate Bubble Index report for deeper insights into current global and regional real estate trends.
The Global Real Estate Bubble Index analyzes residential property prices in 21 major cities around the world. This year’s report also includes city spotlights on Miami, Tokyo, Zurich, Dubai, London and Frankfurt.
