Year

Real estate economic bubble index

Degree of bubble

2007

1.1604

slight

2008

0.9204

-

2009

0.9991

-

2010

1.2859

moderate

2011

1.1881

slight

2012

0.8736

-

2013

1.2303

moderate

2014

1.1823

slight

2015

1.3384

moderate

2016

1.4956

serious

2017

1.4954

serious