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The five worst property markets in the world

See which major cities are fairing the worst after the jump

September 20, 2014 01:00PM
By Business Insider

Kiev has the worst property market of any major city

Kiev has the worst property market of any major city

Overall, property prices around the world continue to rise. However, some countries aren’t doing so well. Even the once-hot Chinese housing market has been seeing prices tumble for months.

The Global Property Guide has compiled and analyzed the property price performance of the world’s big economies.

We’ve put together a list of the five worst markets based on year-over-year, inflation-adjusted price performance as of Q2.

 

5-romania5. Romania

Home prices in Romania fell 4.74% year-over-year, which was an improvement from 2013’s drop of 10.20%.

Prices fell 3.58% during Q2 2014.

Source: Global Property Guide

 

4-singapore4. Singapore

Home prices in Singapore fell 5.02% year-over-year, which was a slowdown from 2013’s increase of 2.38%.

Prices fell 1.21% during Q2 2014.

Source: Global Property Guide

 

3-russia3. Russia

Home prices in Russia fell 5.96% year-over-year, which was a further slowdown following 2013’s decrease of 2.09%.

Prices fell 1.31% during Q2 2014.

Source: Global Property Guide

 

2-greece2. Greece

Home prices in Greece fell 6.51% year-over-year, which was an improvement following 2013’s decrease of 11.43%.

Prices fell 2.64% during Q2 2014.

Source: Global Property Guide

 

1-ukraine--kiev1. Ukraine — Kiev

Home prices in Ukraine fell a whopping 28.56% year-over-year. In 2013 prices rose by 5.88%.

Prices fell 24.37% during Q2 2014 alone.

Source: Global Property Guide

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