The Worst Housing Markets In The World

barcelona spain

Photo: AP Images

Many complain about the weakness in the U.S. housing market, and home prices climbed just 0.48 per cent year-over-year in the first quarter of 2012.But countries like Ireland which had its own property bubble is still seeing prices plummet.

The Global Property Guide has compiled the home price performance of some of the largest economies in the world.

We put together the seven countries with the biggest price declines and  historical price charts, courtesy of the GPG.

Home prices in the Netherlands was down 6.05% year-over-year (YoY) and 1.44% quarter-over-quarter (QoQ) in Q1 2012

Home prices in Bulgaria were down 6.21% YoY and 1.50% QoQ in Q1 2012

Home prices in Spain were down 9.00% YoY and 2.51% QoQ in Q1 2012

Home prices in Portugal were down 10.45% YoY and 3.43% QoQ in Q1 2012

Home prices in Warsaw, Poland were down 10.94% YoY and 3.76% QoQ in Q1 2012

Home prices in Athens, Greece were down 11.68% YoY and 1.54% QoQ in Q1 2012

Ireland's home prices fell 18.95% YoY and 5.19% QoQ in Q1 2012

Now check out American states with the greatest foreclosure savings...

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