CEOWORLD magazine - Latest - Education and Career - 6 cities that could be in housing bubble, among 18 global financial centres, 2016

Education and Career

6 cities that could be in housing bubble, among 18 global financial centres, 2016

Not surprisingly, Vancouver in Canada is the world’s riskiest market for housing bubble, ranking number 1 in an index of 18 major cities facing the threat of a housing bubble after a surge in prices in the past 5 years, according to a report by Swiss bank UBS. In Vancouver, prices have risen more than 25% since the end of 2014.

Real Estate Bubble Index also named London, Stockholm, Sydney, Munich, and Hong Kong on the list. Of the 4 major global financial centres, bank said the risk of a bubble was on the rise only for London. House prices in London are at risk of falling sharply because they are grossly overvalued.

All European cities are overvalued, according to the report, apart from Milan.

The 2016 list of cities most at risk of real estate bubbles.

1. Vancouver
2. London
3. Stockholm
4. Sydney
5. Munich
6. Hong Kong

7. San Francisco
8. Amsterdam
9. Zurich
10. Paris
11. Geneva
12. Tokyo
13. Frankfurt

14. Singapore
15. Boston
16. New York
17. Milan
18. Chicago

18 cities at risk of a real-estate bubble bursting, 2016

Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact:
CEOWORLD magazine - Latest - Education and Career - 6 cities that could be in housing bubble, among 18 global financial centres, 2016
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.