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London and HK facing housing bubble risk, says UBS
Published Thu, Oct 29, 2015 · 09:50 PM
London
LONDON and Hong Kong are the cities most at risk of a housing bubble as real estate begins to look overvalued, according to UBS Group.
The UK capital is now the second-least affordable of the 15 urban centres studied by UBS, trailing only Hong Kong, the report said. Price-to-income and price-to-rent values have surged to all-time highs even as real earnings have fallen 7 per cent in London since 2007, UBS said.
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