UBS Global Real Estate Bubble Index Ranks Zurich and Tokyo at Highest Risk:
The UBS Global Real Estate Bubble Index 2026 showed elevated risk levels in key major urban hubs.
Key Detail: Zurich and Tokyo were identified as the markets most stretched relative to economic fundamentals. High borrowing costs and severe supply constraints continue to push property valuations beyond local income capacities, while previously flagged high-risk cities like Miami saw ongoing price adjustments.
Reference: UBS Global Real Estate Bubble Index / Quartz Report
