The Worst Global Housing Markets Of The Past Year
Gus Lubin and Kevin Lincoln | Sep. 8, 2011, 9:06 AM | 4,356 |
A A A


inShare
1

Image: ap
In the year of the double dip, America has become one of the worst performing housing markets in the world, again.
Frank Knight's Global Price House Index recorded a 5.9% year-over-year decline for U.S. homes at the end of the second quarter. This was the sixth worst performance in the world.
Worldwide the housing market is at its weakest since 2009. Other big losers came mostly from Europe.

#10 Greece


Image: Wikimedia Commons
-4.6% annual change
-1.1% six month change
-1.5% quarter change
Data provided by Knight Frank.
#9 Dubai


Image: David Pin, DDPN.net - Photographies et rcits de voyages
-4.7% annual change
0.1% six month change
-0.5% quarter change
Data provided by Knight Frank.
#8 Spain


Image: flickr/ Moyan Brenn
-5.1% annual change
-3.9% six month change
-1.4% quarter change
Data provided by Knight Frank.
#7 Czech Republic


Image: Wikimedia Commons
-5.1% annual change
-3.7% six month change
-2.0% quarter change
Data provided by Knight Frank.
#6 United States


Image: flickr
-5.9% annual change
-1.2% six month change
0.1% quarter change
Data provided by Knight Frank.
#5 Bulgaria


By sweti on flickr
Image: Welcome to Flickr - Photo Sharing
-6.4% annual change
-3.9% six month change
-1.6% quarter change
Data provided by Knight Frank.
#4 Cyprus

-6.4% annual change
-3.9% six month change
-1.6% quarter change
Data provided by Knight Frank. Note: Last available data is Q1 2011.
#3 Ukraine

-7.8% annual change
-1.6% six month change
0.0% quarter change
Data provided by Knight Frank. Note: Last available data is Q3 2010.
#2 Russia


Image: jasmine8559 via flickr
-12.1% annual change
-12.3% six month change
1.6% quarter change
Data provided by Knight Frank.
#1 Ireland


Image: flickr/ Darragh Sherwin
-12.9% annual change
-8.5% six month change
-4.2% quarter change
Could things get worse in Spain?


Satellite Images Of Spanish Ghost Towns -- Abandoned Since The Crash >


Read more: The Worst Global Housing Markets Of The Past Year