19:49 22 October 2024
UBS: Poland and Dubai recorded largest increase in residential property prices
The UBS Global Real Estate Bubble Index 2024 indicates that the Warsaw real estate market shows no signs of a bubble, with low risk of a market crash. While property prices in Warsaw are experiencing significant growth, they remain second only to Dubai. The report highlights that the risk of a real estate bubble has decreased for the second consecutive year, especially in Europe. In contrast, cities like Miami, Tokyo, and Zurich face higher risks.
Although Warsaw's risk rating slightly increased, it remains low compared to other major cities. Real estate prices in Warsaw have risen approximately 30% from 2012 to 2022, but growth has slowed recently, with an average increase of 2% in 2023.
