The 8 Global Property Bubbles And The Cities At Risk
This word gets thrown around a lot these days.
But smart investors know when to take note, and the damage it can cause.
Unfortunately bubbles are a part of investing, no matter what asset class you put your money into, and property is no different.
According to UBS, there are 8 global cities currently at risk, and have their property prices in “bubble” territory.
But what exactly does this mean?
Well, simply put, it means their current prices are not sustainable.
When prices shoot up rapidly, and rent and real income don’t, instability creeps into the picture and things are just not sustainable.
For example, in Munich, Toronto, Amsterdam, Sydney and Hong Kong, prices rose more than 10% in the last year alone!
And that’s just the tip of the profit-killing iceberg, some cities have even seen price-doubling rises…
But which cities are these happening in, which cities are in the red, and where is it safe to invest?
Simply read on to find out…
Real Estate Bubbles: The 8 Global Cities At Risk