Iconic California city with gorgeous beaches and mountains could soon be filled with property bargains as experts warn of house price crash By Mitchell Goodbar For Dailymail.Com Published: 20:42 EDT, 27 September 2024 | Updated: 20:42 EDT, 27 September 2024 e-mail 1 View comments House prices in Los Angeles might be about to plummet, according to a new analysis conducted by the investment banking company UBS. Although the demand for LA property is expected to remain hot, especially after interest rates were cut earlier this month, UBS said the situation is more complicated than it seems.
In their thorough report, the banking giant determined that among the 25 major international cities, Los Angeles had the fourth highest risk of being in a housing bubble. And if that bubble were to burst home buyers and property buyers could find themselves landing a bargain in the sunny coastal city, where the average house costs almost $1 million. By examining residential property prices over the past year, UBS discovered that the city's risk of a bubble had increased since their previous report in 2023.
House prices in Los Angeles might be about to plummet, according to a new analysis conducted by the investment banking company UBS Although the demand for LA property is expected to remain hot, especially after interest rates were cut earlier this month, UBS said the situation is more complicated than it seems In their thorough report, the banking giant determined that among the 25 major in.