House prices declined in several major cities around the world over the last year, while some cities are entering ‘bubble’ territory
Home prices have taken a tumble in several major cities around the world, but many are overvalued and risk entering “bubble” territory, according to a new UBS report. As interest rates and inflation surged over the last two years, many people have found it more expensive to buy a home. That has helped to lower home prices in some cities across the world, while other metropolitan areas continue to experience elevated prices. https://www.marketwatch.com/story/these-are-the-most-overvalued-housing-markets-in-the-world-according-to-ubs-a27486eb