The greatest risk of a real estate bubble currently exists in Munich, followed by Toronto, Hong Kong and Amsterdam. Frankfurt and Paris are new additions to the bubble risk zone. In London, by contrast, the bubble ris has fallen after further price corrections, as a result of which the city is now only in the overvalued category. Valuations in Vancouver, San Francisco, Stockholm and Sydney have fallen sharply. New York and Los Angeles are lower as well, while Singapore is almost unchanged.
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Lowest price increases since 2012
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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