This is a brief analysis of a report put out by Nicolas Rabener and the FactorResearch team, who do some excellent work! We encourage readers to sign up for their email newsletter. We wanted to break down their report for our audience, please enjoy our synopsis below:
The UBS Global Real Estate Bubble Index ranks London as the ninth most expensive city for residential properties. In 2020, many nations witnessed their property prices reaching unprecedented heights, an anomaly amidst a global pandemic and rising unemployment. The resilience of the UK’s housing market was bolstered by government initiatives like furlough schemes, stamp duty breaks, and record-low interest rates.