UBS: There are no fears of a real estate bubble in Dubai, and prices are on the rise. Toronto and Frankfurt are at the top of the risks

UBS released the Global Real Estate Bubble Index, the annual study conducted by the Bank’s Global Wealth Management Principal Investment Office, which indicates that global housing market imbalances have risen dramatically and that prices have become out of line with rising interest rates.

Toronto and Frankfurt are at the top of the index this year, as their markets topped the characteristics of the announced price bubble. Risks also increased in Zurich, Munich, Hong Kong, Vancouver, Amsterdam, Tel Aviv and Tokyo.