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Housing in Madrid is “Fairly Valued”, According to UBS

Munich, Frankfurt, Paris, Amsterdam, Zurich, Toronto and Hong Kong top the index of cities with the highest risk of a housing bubble, whilst Madrid occupies 21st position (of 25).

obras de viviendas en construccion de Amenabar en Valdebebas Madrid
Homes under construction in Madrid, with the Cuatro Torres on Paseo de la Castellana in the background.

Yesterday, UBS published its ‘Global Real Estate Bubble Index 2020’ report, which studies the prospects for the housing market in 25 cities around the world. Included in the list is Madrid, whose housing market is “fairly valued”, according to the index prepared by the bank.

The entity warns that despite the global recession caused by the Covid-19 pandemic, growth in house prices (adjusted for inflation) in these cities has accelerated over the last 4 quarters, a scenario that UBS considers is “unsustainable.”

Read the full article in Spanish.

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