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Real housing prices in Paris have reached a new all-time high after a 5 per cent increase in the last four quarters. Bloomberg
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Munich is the most-overvalued property market in the world. Getty Images
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/6FEIAEICASP3CS23ZPXWD63DSA.jpg?smart=true&auth=06638fcda8a3d9133d4e631c9252ebc6e557b23d0d6bcbd010c2f8a03d78a9a1&width=400&height=225)
Real housing prices in Toronto almost tripled between 2000 and 2017. Getty Images)
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Although growth rates recovered in Hong Kong in the first half of this year, real prices are 2 per cent below last year’s all-time high. AFP
value.
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Amsterdam has recorded the strongest price increase of all cities in the UBS study since 2015. Bloomberg
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Frankfurt is now one of Europe’s leading financial centres with solid employment growth. EPA-EFE/Shutterstock
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PNAXDKIEYQPQV7DQHYUH7GOLRI.jpg?smart=true&auth=453c10b84f036bf1c772c88d9973533512555c8a6b79f1a689bbe3e8857c2adf&width=400&height=225)
In just a couple of quarters, year-on-year price growth rates in Vancouver have reversed from over 10 per cent to minus 7 per cent. Bloomberg.
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WZ7ZJFX77G4XNFOAMGTJ6ICN3Y.jpg?smart=true&auth=2e3bf5a5bb6a4ac510e61fe1f24387949e1ab07698de735efa8ea97bca48b761&width=400&height=225)
Real housing prices in Paris have reached a new all-time high after a 5 per cent increase in the last four quarters. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/C4UZFUOITHHFILOQ2VBPTD3E5U.jpg?smart=true&auth=b0e4a046ac8f91a5fa3aaadc4d52195a7393777d95c012877f14cb047ce8d236&width=400&height=225)
Munich is the most-overvalued property market in the world. Getty Images
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/6FEIAEICASP3CS23ZPXWD63DSA.jpg?smart=true&auth=06638fcda8a3d9133d4e631c9252ebc6e557b23d0d6bcbd010c2f8a03d78a9a1&width=400&height=225)
Real housing prices in Toronto almost tripled between 2000 and 2017. Getty Images)
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WJN7QHXCQSFTAEOSZJ3NDUJXME.jpg?smart=true&auth=13bc62e8e6c8278a3486687f16564cc0f2136eaa91d822fabb1cec181fa2ec68&width=400&height=225)
Although growth rates recovered in Hong Kong in the first half of this year, real prices are 2 per cent below last year’s all-time high. AFP
value.
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/CLDS4BOYQGIT7FJMYZPTA7DM2U.jpg?smart=true&auth=c44d90dd9ce70cf9673b96076216734968cf23f9dc0e35161e582aceee2f5fde&width=400&height=225)
Amsterdam has recorded the strongest price increase of all cities in the UBS study since 2015. Bloomberg
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/KNEMKPFYOMEWT6HOTW4DN5HBPY.jpg?smart=true&auth=d50c94a81917a89acc6e792e155c5dfa9e1a0c2560ca90822ab42b3e02e0e4ae&width=400&height=225)
Frankfurt is now one of Europe’s leading financial centres with solid employment growth. EPA-EFE/Shutterstock
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/PNAXDKIEYQPQV7DQHYUH7GOLRI.jpg?smart=true&auth=453c10b84f036bf1c772c88d9973533512555c8a6b79f1a689bbe3e8857c2adf&width=400&height=225)
In just a couple of quarters, year-on-year price growth rates in Vancouver have reversed from over 10 per cent to minus 7 per cent. Bloomberg.
![](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WZ7ZJFX77G4XNFOAMGTJ6ICN3Y.jpg?smart=true&auth=2e3bf5a5bb6a4ac510e61fe1f24387949e1ab07698de735efa8ea97bca48b761&width=400&height=225)
Real housing prices in Paris have reached a new all-time high after a 5 per cent increase in the last four quarters. Bloomberg
The global cities most at risk of a property bubble
While seven cities are considered in ‘bubble risk’ territory a further 12 are currently overvalued
![Alice Haine](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/https%3A%2F%2Fs3.amazonaws.com%2Farc-authors%2Fthenational%2Fe79ea096-d70a-4c7a-8b34-9f28e517d833.png?smart=true&auth=20a56d43f6a47fbaa98d84a82aa0cd7f8c79279600608ce4c3b2a3958f7764b9&width=70&height=70)
Alice Haine
01 October, 2019
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