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These are the most overvalued housing markets in the world, according to UBS

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.

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