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
(Getty; Illustration by The Real Deal)
Renters taking renovations into their own hands
Renters taking renovations into their own hands
(Getty)
Strong November hiring reported in real estate industries
Strong November hiring reported in real estate industries
(Getty)
Fifth straight monthly decline in pending home sales
Fifth straight monthly decline in pending home sales
(Getty)
Mortgage applications to buy homes rise as rates drop below 6.5%
Mortgage applications to buy homes rise as rates drop below 6.5%
From left: Fannie Mae's Hugh Frater and Freddie Mac's Michael DeVito
Government to back home loans over $1M
Government to back home loans over $1M
(Getty/Illustration by The Real Deal)
TRD Pro: 7% mortgage rates are not so bad
TRD Pro: 7% mortgage rates are not so bad
Case-Shiller, Home Prices, Housing Market, Residential Real Estate
US home prices lose more momentum
US home prices lose more momentum
(Getty; Illustration by The Real Deal)
Agents: Life is good under 7%
Agents: Life is good under 7%
arrow_forward_ios

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

Loading...