empirica housing market bubble index Q1 2019

The new empirica bubble index shows an initial increase in the ratio of prices to income and a further increase in multipliers and debt.

New construction, on the other hand, remains constant. As a result, the risk of bubbles continues to rise, especially outside the growth regions.

The results of the empirica bubble index can also be obtained as a module via empirica regio with interactive graphs and other framework data. Access to the new quarterly data is always possible a few days after the end of the respective quarter. More information on our database can be found here.

Further information on the bubble index can be found on the website of empirica.