The global housing market continues to make a strong recovery.
But the boom is not being felt everywhere.
According to the Global Property Guide for the first quarter of 2015, home prices rose in 25 of the 38 housing markets worldwide in which inflation-adjusted statistics are available.
And so while there were only a few losers, here is a list of the seven worst-performing housing markets in the world, based on their inflation-adjusted, year-over-year price changes for the first quarter.
7. Spain
Home prices in Spain fell 2.12% year-over-year, an improvement from the 5.41% decrease in 2014.
Meanwhile, prices rose 0.38% in Q1 of 2015.
Source: Global Property Guide
6. Mexico
Home prices in Mexico fell 2.43% year-over-year, compared to a rise of 0.82% in 2014.
Prices fell 3.42% in Q1 of 2015.
Source: Global Property Guide
5. Dubai
Home prices in Dubai fell 2.72% year-over-year, much worse than the 31.57% rise recorded in 2014. Dubai has proven to be one of the world's most volatile real estate markets, with double-digit losses followed by double-digit gains in the past few years.
Prices fell 5.64% in Q1 of 2015.
Source: Global Property Guide
See the rest of the story at Business Insider