The five worst property markets in the world

See which major cities are fairing the worst after the jump

New York /
Sep.September 20, 2014 01:00 PM

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. 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. 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. 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. 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 — 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


Related Articles

arrow_forward_ios
Judge trashes 421a rent overcharge suit against Muss
Judge trashes 421a rent overcharge suit against Muss
Judge trashes 421a rent overcharge suit against Muss
Low interest rates and the capability for some to work from home is helping fuel the market for vacation homes, a new survey indicates. (iStock)
Pandemic continues to fuel demand for second, third homes
Pandemic continues to fuel demand for second, third homes
15 Farm Springs Road, Farmington, CT and The Boulevard in Yaphank, LI
(Google Maps, TheBoulevardNY.com)
Connecticut, Long Island projects show how pandemic has changed real estate
Connecticut, Long Island projects show how pandemic has changed real estate
Hudson Valley housing market remains hot in Q3
Hudson Valley housing market remains hot in Q3
Hudson Valley housing market remains hot in Q3
Luxury agents are sealing deals with yacht tours, helicopter rides
Luxury agents are sealing deals with yacht tours, helicopter rides
Luxury agents are sealing deals with yacht tours, helicopter rides
VineBrook Homes expands to Southeast, buys $354M single-family portfolio
VineBrook Homes expands to Southeast, buys $354M single-family portfolio
VineBrook Homes expands to Southeast, buys $354M single-family portfolio
It's harder than it's been in a decade to afford a mortgage
It’s harder than it’s been in a decade to afford a mortgage
It’s harder than it’s been in a decade to afford a mortgage
Rounding out the top five list in terms of return on home investment adjusted for risk are Tampa, Washington DC and Boston (Getty)
New York and LA homes showed best risk-adjusted returns in the country
New York and LA homes showed best risk-adjusted returns in the country
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...