Global Real Estate Bubble Index

1. 1
   Miami

   Estados Unidos
   1,73+1,9 % real/yrBubble risk
2. 2
   Tokyo

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

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

   Estados Unidos
   1,11+0,9 % real/yrOvervalued
5. 5
   Dubai

   Emiratos Árabes Unidos
   1,09+11,1 % real/yrOvervalued
6. 6
   Amsterdam

   Países Bajos
   1,06+1,2 % real/yrOvervalued
7. 7
   Geneva

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

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

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

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

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

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

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

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

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

    Reino Unido
    0,34-2,1 % real/yrFair value
17. 17
    San Francisco

    Estados Unidos
    0,28-2,6 % real/yrFair value
18. 18
    New York

    Estados Unidos
    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

    Brasil
    -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.