Housing Bubble Risks Are Accelerating Across Europe, Hong Kong

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(Bloomberg) — The risk of housing bubbles across Europe has accelerated as the pandemic sparked a global spending spree on larger living spaces that was turbocharged by central banks’ aggressive stimulus.Most Read from BloombergWith Frankfurt topping the list, European cities accounted for six out of nine of the world’s most imbalanced housing markets, according to UBS Group AG’s Global Real Estate Bubble Index released on Wednesday. Bubble risk also accelerated in Toronto, Hong Kong and Vancouver, the report showed.House prices rocketed around the world in the past year as the cost of borrowing slipped to rock bottom and buyers put a heightened premium on space and greenery. While all but four of the cities UBS surveyed saw values increase, the bank …

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