As the article talks about, the main driver of this mania is the historically low interest rate coupled with low returns from other investment sectors. So unles

As the article talks about, the main driver of this mania is the historically low interest rate coupled with low returns from other investment sectors. So unless the cost of borrowing money in another country is in a similar situation, I would suspect not. That said, Canada is in a similar situation despite the pandemic (or maybe because of it?) and the housing costs there are likewise crazy, if not more so than in the US.