7. Spain
Home prices in Spain fell 2.12% year-over-year, an improvement from the 5.41% decrease in 2014.
Meanwhile, prices rose 0.38% in Q1 of 2015.
Source: Global Property Guide
6. Mexico
Home prices in Mexico fell 2.43% year-over-year, compared to a rise of 0.82% in 2014.
Prices fell 3.42% in Q1 of 2015.
Source: Global Property Guide
5. Dubai
Home prices in Dubai fell 2.72% year-over-year, much worse than the 31.57% rise recorded in 2014. Dubai has proven to be one of the world's most volatile real estate markets, with double-digit losses followed by double-digit gains in the past few years.
Prices fell 5.64% in Q1 of 2015.
Source: Global Property Guide
4. Singapore
Home prices in Singapore fell 3.42% year-over-year, a greater drop than the 1.91% decrease recorded in 2014.
Prices fell 1.12% in Q1 of 2015.
Source: Global Property Guide
3. Beijing
Home prices in Beijing fell 5.33% year-over-year, much worse than the 10.04% rise in 2014. Amid the declining real estate prices, the Chinese government is working to avoid a crash by easing mortgage restrictions and buying up unsold homes.
Prices fell 0.61% in Q1 of 2015.
Source: Global Property Guide
2. Russia
Home prices in Russia fell 9.61% year-over-year, worse than the 5.15% decline in 2014. A depressed property market is just one part of Russia's current financial crisis caused by falling oil prices and international sanctions.
Prices fell 6.44% in Q1 of 2015.
Source: Global Property Guide
1. Kiev
Home prices in Kiev, Ukraine fell a staggering 36.51% year-over-year, much worse than the 2.92% decline recorded in 2014. Most of this drop is attributed to the hyperinflation experienced with the collapse of the Ukrainian hryvnia.
Prices fell 0.87% in Q1 of 2015.
Source: Global Property Guide
