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The UBS Global Real Estate Bubble Index puts the housing market into long-term perspective and is designed to track the risk of property price bubbles in global cities. In 2018, Hong Kong topped our list, but our index suggests the greatest risk of a bubble is currently in Munich. In this year’s edition, we discuss the housing markets of some of the cities on the list, the cost of living around the world, and where service sector professionals need to work the longest to buy an apartment.

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