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UBS real estate bubble index flags Zurich, Tokyo as highest housing bubble risks

PUBT·09/22/2026 07:58:07
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UBS real estate bubble index flags Zurich, Tokyo as highest housing bubble risks
  • UBS Global Real Estate Bubble Index 2026 flagged Zurich as the highest housing bubble risk, followed by Tokyo.
  • Miami dropped from top spot to elevated risk; Dubai, Seoul, Geneva, Lisbon also elevated.
  • Moderate risk covered Los Angeles, Sydney, Toronto; Paris, London low risk, alongside New York, San Francisco, São Paulo.
  • Higher-for-longer financing costs seen capping near-term price gains; ownership costs for new 60 sqm homes exceed 40% of skilled income.
  • Real house prices rose about 10% in Seoul, Lisbon, Madrid, Hong Kong; Vancouver, Toronto fell about 10%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UBS Group AG published the original content used to generate this news brief on September 22, 2026, and is solely responsible for the information contained therein.