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House price risk

Wednesday, 23 September 2026 06:35

Zurich now carries the highest housing-bubble risk of any city in the world, according to UBS's Global Real Estate Bubble Index

The bank scores Zurich at 1.69 points, up from 1.55 last year — ahead of Tokyo and Miami, with near-zero vacancy rates and an influx of international tech and AI professionals stoking demand.

Geneva is not spared: the city's score has climbed to 1.12 from 1.05, keeping it in the elevated-risk band.

Paris, London and New York, by contrast, sit near the bottom of the table.

For anyone trying to buy in either Swiss city, the gap between the most sought-after districts and everywhere else keeps widening.

 

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