Top Global Cities Face Increased Risk Of A Real Estate Bubble

The risk of a real estate bubble in top global cities has increased significantly in the past five years, according to an annual report by UBS Wealth Management.

The study found that Toronto is in the riskiest territory, with Stockholm, Munich, Vancouver, Sydney, London and Hong Kong close behind it. Housing prices in each of those cities rose by almost 50 percent on average since 2011, while those in other major cities climbed by about 15 percent, according to the report.

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