Rental Costs Are Soaring in Key Bubble Markets 📈

What We’re Showing

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

Key Takeaways

• Real rents in Dubai have shot up 60% since 2020, while real home prices have increased 40% amid high demand.
• Surging rents in Madrid have led to thousands of protesters taking the streets as real rental costs have risen at nearly triple the rate of real home prices in the last year.
• By contrast, real rents have declined the most in Singapore amid government efforts to cool foreign demand in the property market.