AMWatch

Stockholm among cities at highest risk of housing bubbles

Oxvig Swiss bank UBS has made an analysis to try to suggest where the risk of housing bubbles might be highest. Stockholm is number two on the list of selected large cities.

Photo: Ritzau Scanpix.

Swiss bank UBS places Canadian megapolis Toronto as number one, and the Swedish capital city Stockholm as number two in an analysis of which cities show most signs of possible housing bubbles in the future, according to Danish business media Finans.

Copenhagen was not included in the analysis, in which UBS has given a number of large cities a score based on parameters that have recurred when housing bubbles have formed. This is, for example, a disconnect between housing prices and local population’s income.

According to Finans, housing prices in Toronto have increased by 50 percent in five years, while a residence in Stockholm has increased by 60 percent more than wages and salaries in the last 10 years.

Number three on the list is Munich, where housing prices have increased by 85 percent in 10 years.

English Edit: Marie Honoré

 

More from AMWatch

AMWatch finds new editor in own ranks

After four years as editor of AMWatch, Søren Rathlou Top is leaving the media for a press coordinator role. Anne Louise Houmann is taking over the reins.

ATP nears end point of historic restructuring

New opportunities to allocate more to riskier assets mean changes are being made at ATP. A restructuring of the central IT system has been the toughest nut to crack in the restructuring, which has been described as the most comprehensive change in the pension giant’s 60-year history.

Further reading

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch