Top 10 countries where housing is not worth the money

The most overpriced real estate - in Belgium, Canada and Norway 

 

In most developed countries, the peak price nanedvizhimost observed in the period 2001-2006. However, in some countries, the price bubble does not burst yet. 

Experts Deutsche Bank published a study on real estate markets in the OECD (Organization for Economic Cooperation and Development, in Ukraine it is not included.) 

Financial experts have calculated the ratio of housing prices to the cost of its lease - and the price to the level of income of the population, and also in comparison with the average historical performance. 

As it turned out, the most inflated prices - in Belgium, Canada and Norway. In general, the European property prices are too high at 14%, the report said. 

At the same time, according to experts, there are some markets where prices are even understated. In Japan housing undervalued by 37%, in Germany - 26%, in Korea - 14% in the U.S. - by 9%. 

Top 10 countries where the real estate is not worth the money (overvalued by ...%): 

1. Belgium, 56% 

2. Canada, 54% 

3. Norway, 48% 

4. New Zealand, 44% 

5. France, 42% 

6. Australia, 39% 

7. Netherlands, 36% 

8. United Kingdom, 34% 

9. Spain, 33% 

10. Sweden, 25%