Russia, Ireland, Dubai, Ukraine, Greece, Bulgaria - outsiders in the property market

Residential real estate market in Russia, Ireland, Dubai, Ukraine, Greece, Bulgaria showed the largest decline in prices for the year as of the I quarter of 2011, according to new index of Knight Frank . In Russia, for the year prices fell by 13.9% in Ireland - 11.9%, in Dubai - by 8.2%, in Ukraine - by 7.5%, Greece - 5.7%, in Bulgaria - by 5.6%. No data on Cyprus. Most of all, housing more expensive in Hong Kong (24.2%), India (21.9%), Taiwan (14.3%), Israel (12.1%), Singapore (10.5%), France (8.7 %). the whole world real estate market is weak, and is projected to head of research housing market Knight Frank Liam Bailey, the trend will continue until the IV quarter of this year.