New research from varying organisations around the world shows an alarming drop in property prices, not just in certain countries, but around the world.
Current economic troubles aren't country-based. Larger, suburban areas seem to be taking the brunt of the decrease in property prices. Small communities and rural areas are also feeling the crunch of the wide-spread decline. Some attribute the decrease in property prices to the decrease in the number of people buying new homes. For many people worldwide, failing economies are making it more cost-effective to rent in lieu of buying a home, townhouse or condominium.