Homes are already overvalued in several regions, but low interest rates and high immigration are supporting prices. Booming business centers and attractive residential areas have the greatest potential for price corrections. We do not expect this trend to reverse before the end of 2014.
Real estate investments, especially multifamily dwellings, are all the rage. The market is tight, however, and prices haverisen constantly since the 2008 financial crisis. Investors should not lose sight of the risks.
Source : UBS