These are the biggest housing bubble in the world per Bloomberg

The frothiest real estate markets are ringing alarm bells not heard since before the global financial crisis, the report warns.

“A cocktail of ingredients is sending house prices to unprecedented levels worldwide,” wrote economist Niraj Shah, Bloomberg reports.

“Record low interest rates, unparalleled fiscal stimulus, lockdown savings ready to be used as deposits, limited housing stock, and expectations of a robust recovery in the global economy are all contributing.”

Bloomberg Economics Bubble Ranking

1.New Zealand

The riskiest housing markets were in New Zealand, Canada, Sweden, Norway, the UK, Denmark, the US, Belgium, Austria and France, the report found.

With interest rates low, the report said there was no obvious trigger that would cause housing prices to fall, but it warned that when interest rates rise, real estate markets will face a test.

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