London’s and Hong Kong’s Housing Bubble Heading to Burst
UBS Group AG released its study on housing market
in London and Hong Kong that the two cities price have soared even as earnings
has fallen 7 percent since 2007. Beginning in 2013, London housing market rise
40 percent driven by high overseas demand and local population growth. According
to UBS, housing
markets was overvalued caused by loose
monetary policy that leads to the growing bubble risk. (EA01/BL/29/Oct/15)
No comments:
Post a Comment