UBS Global Real Estate Bubble Index 2023

The chapter discusses the UBS Global Real Estate Bubble Index 2023 and focuses on the perspective of Dean Turner, an economist in the UBS Global Earth Management CIO in London. They highlight that London real estate remains in overvalued territory, despite a slight correction in prices and real prices due to inflation. They also discuss the perennial issue of the lack of housing supply in the UK, particularly in London, and the need for planning reform to address this problem.