Tuesday , October 22 2019
Home / FT Alphaville / Overvalued in the Long Room: London

Overvalued in the Long Room: London

A note from UBS landed in the usual place on Tuesday which we couldn’t resist having a read of.The report is the latest in the Swiss bank’s “Real Estate Bubble Index” which takes a look at the relative valuations of metropolitan housing markets across the globe. New to the party this year are Madrid (overvalued), Moscow (overvalued), Dubai (fair valued) and Tel Aviv (overvalued).You may sense a theme developing here already.Being residents of a certain city in the south of England, our eyes immediately turned to the section on London, to see if our extreme levels of anecdata about the city’s overvalued housing stock translate into fact. Shock horror: they do.Here’s a chart of the number of years a skilled worker needs to work to purchase a 60m2 (650 sq ft) flat in various global cities.

FT Alphaville considers the following as important:

This could be interesting, too:

Paul Krugman writes Can Warren Escape the Medicare Trap?

FT Alphaville writes WeGiveIn: SoftBank to the rescue

Tyler Cowen writes Academic vita fraud?

Menzie Chinn writes Presentation: “The Economic Consequences of Trump’s War on Multilateralism”

A note from UBS landed in the...

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *