尽管迈阿密、东京和苏黎世的价值仍然过高,但2025年全球房地产市场由于利率高、泡沫风险降低而冷却。 Global real estate markets cooled in 2025 due to high rates, reducing bubble risk, though Miami, Tokyo, and Zurich remained overvalued.

2025年,大多数全球房地产市场由于高抵押利率和承受能力问题降低了泡沫风险而冷却下来,尽管迈阿密、东京和苏黎世的得分仍然高于1.5,估值过高。 In 2025, most global real estate markets cooled as high mortgage rates and affordability issues reduced bubble risk, though Miami, Tokyo, and Zurich remained overvalued with scores above 1.5. 马德里和迪拜也显示出强劲的价格增长,表明估值过高。 Madrid and Dubai also showed strong price growth, indicating overvaluation. 反之,多伦多、香港、温哥华、法兰克福、伦敦和旧金山则出现价格下跌,进入了相当有价值的范围。 Conversely, Toronto, Hong Kong, Vancouver, Frankfurt, London, and San Francisco saw price declines, moving into the fairly valued range. 总体而言,这一趋势显示泡沫风险比2024年低,尽管供应转移和承受能力压力可能会影响未来的市场动态。 Overall, the trend showed lower bubble risk than in 2024, though supply shifts and affordability pressures may shape future market dynamics.