✉news BusinessReal Estate first seen 20 h ago, last 8 h ago, peak #8
Tokyo ranks second globally for housing-bubble risk
Original: Tokyo ranks 2nd globally for housing-bubble risk
Tokyo has been ranked second in the world for the risk of a housing bubble, according to a new global comparison. The finding points to sharply rising property prices in the Japanese capital relative to incomes and fundamentals, and is drawing attention amid widespread concern about overheated real estate markets in major cities worldwide.
Why now: A high global ranking for bubble risk raises concerns about housing affordability and a potential property correction in Tokyo.
Evidence
- Tokyo ranks 2nd globally for housing-bubble risk · Japan Wire by Kyodo News
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