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1.Market Observations, 8.Was Sticky

28 Sept 2016 (AFR) – Sydney has a ‘housing bubble’ risk but Vancouver tops the list: UBS report

(28 September 2016, AFR, p3, by Su-Lin Tan)

‘Sydney is at risk of a “housing bubble” but Vancouver and London are riskier markets as property prices overheat again just a few years after the last global correction, according to a report from UBS Wealth Management. The UBS Global Real Estate Bubble Index report analysed residential property prices in 18 cities around the world.  While property overvaluations have become more pronounced in many major cities since 2011, according to the report, Vancouver faces the greatest risk of a housing bubble, while London is the riskiest city among the major financial centres. ‘

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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