Global Real Estate Bubble Index

1. 1
   Miami

   Stati Uniti
   1,73+1,9% real/yrBubble risk
2. 2
   Tokyo

   Giappone
   1,59+5,7% real/yrBubble risk
3. 3
   Zurich

   Svizzera
   1,55+5% real/yrBubble risk
4. 4
   Los Angeles

   Stati Uniti
   1,11+0,9% real/yrOvervalued
5. 5
   Dubai

   Emirati Arabi Uniti
   1,09+11,1% real/yrOvervalued
6. 6
   Amsterdam

   Paesi Bassi
   1,06+1,2% real/yrOvervalued
7. 7
   Geneva

   Svizzera
   1,05+4,1% real/yrOvervalued
8. 8
   Toronto

   Canada
   0,80-7,5% real/yrOvervalued
9. 9
   Sydney

   Australia
   0,80+0,8% real/yrOvervalued
10. 10
    Madrid

    Spagna
    0,77+13,6% real/yrOvervalued
11. 11
    Frankfurt

    Germania
    0,76-1,2% real/yrOvervalued
12. 12
    Vancouver

    Canada
    0,76-5,9% real/yrOvervalued
13. 13
    Munich

    Germania
    0,64+1,4% real/yrOvervalued
14. 14
    Singapore

    Singapore
    0,55+2,6% real/yrOvervalued
15. 15
    Hong Kong

    Hong Kong R.A.S.
    0,44-7,9% real/yrFair value
16. 16
    London

    Regno Unito
    0,34-2,1% real/yrFair value
17. 17
    San Francisco

    Stati Uniti
    0,28-2,6% real/yrFair value
18. 18
    New York

    Stati Uniti
    0,26-1,5% real/yrFair value
19. 19
    Paris

    Francia
    0,25+0,1% real/yrFair value
20. 20
    Milan

    Italia
    0,01-2,7% real/yrFair value
21. 21
    São Paulo

    Brasile
    -0,100% real/yrFair value

Score above 1.5 = bubble risk · 0.5 to 1.5 = overvalued · −0.5 to 0.5 = fair value · below −0.5 = undervalued. Price change is inflation-adjusted, year over year.