Real EstateOct 17, 2024
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.
Dataset
Rank | City | Real Price Growth Q2 2023-Q2 2024 |
---|---|---|
1 | Dubai | 16.8% |
2 | Warsaw | 16.2% |
3 | Miami | 7.4% |
4 | Amsterdam | 6.9% |
5 | Tokyo | 5.6% |
6 | Vancouver | 5.5% |
7 | Madrid | 5.3% |
8 | Singapore | 3.2% |
9 | Zurich | 2.4% |
10 | Sydney | 1.7% |
11 | Milan | 1.7% |
12 | Los Angeles | 1.4% |
13 | São Paulo | 1.4% |
14 | Tel Aviv | 1.3% |
15 | Boston | 1.1% |
16 | New York | 0.5% |
17 | San Francisco | 0.3% |
18 | Geneva | -0.2% |
19 | Toronto | -0.7% |
20 | London | -1.4% |
21 | Frankfurt | -2.7% |
22 | Stockholm | -4.2% |
23 | Munich | -4.9% |
24 | Paris* | -10.4% |
25 | Hong Kong | -12.5% |
Data sources
Paris data as of Q1 2023-Q1 2024.
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