Map: Home Price Changes in Bubble Markets 🏠

What We’re Showing

This graphic shows the annual change in real home prices across housing bubble cities, based on data from UBS' Global Real Estate Bubble Index 2024.

Key Takeaways

• Dubai led the way with the fastest annual increase in real home prices, rising 17%, driven by an influx of residents attracted by its favorable tax policies, financial stability, and modern infrastructure.
• Similarly, Warsaw saw double-digit growth in home prices, bolstered by government housing subsidies.
• In contrast, Hong Kong experienced a 13% annual decline, as weak population growth and sluggish demand pushed prices back to 2012 levels, in inflation-adjusted terms.