The boom in the global real estate market continues, gradually changing geography. Nominal prices for new housing rose by 34 of the 44 markets belonging to a review of the portal Global Property Guide, which provides investors with information about real estate in different countries. The most impressive growth - 33.26% for the year - demonstrates Dubai, followed far behind are Estonia (+ 16.7%), Ireland (12%) and the UK (+ 9.7%).
But the nine worst in terms of the current dynamics of prices (adjusted for inflation) real estate markets.
Prices of new homes and apartments in Finland fell by 1.21% compared with last year, although a year ago, the rise (compared to 2012 m) was 0.71%. In II quarter 2014 home rose by 0.55%.
Property here the past two years consistently cheaper: 1.41% in 2012-2013 and 1.45% in 2013-2014. In the II quarter of this year, prices fell by 1%.
Compared with the previous year housing cheaper by 2.52%. This is good news on the background of the second half of 2012 - the first half of 2014, when prices are collapsed by 21.13%.
The collapse in property prices in Spain slowed significantly: in 2012-2013, the value of homes here fell by 12.4% over the last year it fell by only 3.12%. For the II quarter of this year, a decline of 0.78%.
Since last summer, prices fell by 4.74% in the last April - June - 3.58%.
In Singapore, the houses in the last year fell by 5.02%, while in the previous period prices showed an increase of 2.38%.
Real estate in Russia since the mid 2013th became cheaper by 5.95%. Reduced prices steadily gaining momentum in the first quarter of last year it was 0.32% compared to the corresponding period last year, then - on a quarterly basis - 2.09%, 3.64% and 5.86%; in January - March of 2014 slowed down the fall (-5.15%), but then resumed. Large gap between the real and nominal prices.
Since the middle of last year, the houses here have fallen in price by 6.51% (which is almost half the fall in the previous year) for the II quarter of 2014 - 2.64%.
1 Ukraine (Kiev)
The most dramatic drop in the value of property occurred in Kiev: 28.56% in 12 months; Only in April - June of this year real estate fell by 24.37%. For comparison, from the middle of 2012, the prices have increased over the year by 5.88%.