Top of the bad real estate markets in the world

11 Czech Republic
Despite the fact that the World Bank Czech Republic ranked 82 places in the world as good for business location and the central bank could increase interest reference, the country registered a continuous increase in unemployment and slow wage growth, which affects quite hard segment property.
This is highlighted by over 3% decline in house prices in 2010 from the previous year and their loss of 0.9% last quarter.
10 Spain
Top 48 ranking in World Bank country attractive in terms of doing business, Spain is not rated far better in terms of real estate.
With an annual drop in house prices of 3.5% in 2010 and 0.4% in the last quarter of last year, Spain continues to struggle with the crisis that has ruined even the banking sector.
9 Japan
Although he suffered greatly from the devastating earthquake followed by tsunami that resulted in the loss of thousands of lives of the Japanese archipelago, Japan benefits from optimiste.Astfel prospects, despite a decline of 3.6% in 2010 and the decrease of 0.8% house price in the third quarter of last year, real estate market in Japan is likely to rebound once the rebuilding cities devastated by the earthquake of 11 March.
8 Portugal
With an unemployment rate of over 11% and an estimated growth of just 0.2% in 2011, Portugal did not seem to show signs of growth or the real estate sector. The only source for such an increase could be foreign demand, according to journalists at the Business Insider.
Thus, house prices in Portugal have recorded an annual decline of 4%, while only in the last quarter, the Portuguese market registered a price decline of 1.2%, according to Knight Frank report.
7 United States
Data published by the rating agency Standard & Poor's Case-Schiller index form for the house show a weak start to the year as prospects for 2011.
Thus, American cities have seen declines in home prices last month last year, have had a beginning of the year as bleak and representatives of rating agency estimates that even in the next period will not register improvements.
6 Greece
No Greece is not so encouraging signs for developers, in the context of unpopular reforms, demand for financing from the European authorities, followed by nationwide protests by the population.
With a very rapid increase in unemployment, from 10.2% in Q4 of 2009, to 14.1% in the last quarter of last year, according to Eurostat, Greece is in a social crisis and beyond.
5 Dubai
Last year, the offices in Dubai were ranked fourth in the world price, with over $ 1,000 per square meter, according to Cushman & Wakefield. This year, the emirate has emerged from the top, after a decline of over 30%.
In addition, 40% of Dubai's buildings have tenants and home prices fell 6.1% in 2010 from the previous year, and in the third quarter of last year, they still fell by 6.1%, according to the report Knight Frank.
4 Croatia
Top 89 ranking in World Bank's best countries for opening a business in Croatia is currently facing economic slowdown, rising unemployment and violent protests of the population against the government measures.
Thus, even as home prices were not to be increasing in 2010 registering a decline of 7.2%, with a decline of only 0.9% in the fourth quarter.
3 Ukraine
Unlike its neighbors, Ukraine is better in the "crisis management".
Thus, despite the reduction in consumer confidence and high inflation rate, estimated growth this year is 4.5%.
Instead, house prices in Ukraine have decreased by 7.8% in 2010 from a year earlier, according to analysts at Knight Frank report.
2 Lithuania
Top 26 ranking in World Bank country attractive in terms of doing business, Lithuania is optimistic about economic growth, estimated at 5.8% this year.
However, housing prices have declined 10.1% in 2010 from the previous year, of which 3.9% decrease was recorded in the third quarter.
In addition, according to Eurostat, unemployment in Lithuania in February 2011 was the second largest in the entire European Union at 17.4%, exceeded only by Spain.
1 Ireland
Ireland recorded in February the lowest annual inflation rate in the EU, while by comparison, Romania experienced the highest inflation rate in the same period.
However, house prices in Ireland fell by 10.8% in 2010 over the previous year, while in the fourth quarter, prices fell by 3.5%, according to Knight Frank report.