| 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 |