For the second year in a row, the risk of housing bubbles in cities across the world has decreased on average, according to a UBS analysis, and home prices in many cities have mostly bottomed out. But that doesn’t mean potential peril has simply evaporated, for one city especially. “Miami now shows the highest bubble risk among the cities in this study,” UBS said.
“High bubble risk can also be seen in Tokyo and, despite a significant decline in the score compared to last year, in Zurich,” the financial services company continued. “An elevated risk of a housing bubble is evident in Los Angeles, Toronto, and Geneva.”
