It adds bubble risk is also high in Stockholm, Sydney, Munich and Hong Kong, while homes in Singapore, Boston, New York and Milan are fairly valued.
Not exact matches
«It is unclear if, or when, the
bubble would burst in China, but it is the major medium - term
risk factor for the entire emerging markets currency complex,» Daw
added.
He
added that the province's move to control the city's overheated housing market by imposing a 15 per cent tax on foreign buyers of homes in Metro Vancouver as of Aug. 2 could reduce its
bubble risk rating.
Lord Stern, who recently claimed he had underestimated climate change in his 2006 government - backed review,
added that the overspending by fossil fuel companies could pave the way for a new financial crisis, unless these companies take swift action to mitigate the
risk of a carbon
bubble.
Mr. Walia states that «this
bubble is not bursting, and everyone is piling in money into it,» however,
adds that «there [is] heavy profit, it means it will have heavy
risk.»