Price bubbles refer to substantial, sustained mispricing of a particular asset, the existence of which cannot be proved – unless or until the bubble bursts. The annual UBS Index gauges the risk of such a bubble in housing markets and which cities are at the highest risk. While the spectre of a global recession has haunted housing markets for years, and despite the sharpest global economic downturn in more than 60 years, house prices have actually accelerated in the last four quarters. Our panel today discusses how continuing economic volatility has amplified uncertainties around urban housing.
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