Australia 's housing market is experiencing its biggest decline in recent years , while Brexit uncertainty has caused London property prices to drop for a second consecutive year . A slowdown of China 's housing market , a correction in Hong Kong property prices , and a 20 % fall in Vancouver house prices all indicate a global decline of the market . Singapore is expecting a 20 % drop in prices following government intervention to revive the market , while Chinese demand for Bangkok condominiums caused an over - supply . Meanwhile , property investors are eyeing foreign currency purchases in Turkey , which has suffered a weakened lira and high interest rates .
Australia's housing market is experiencing its biggest decline in 15 years, while Brexit uncertainty has caused London property prices to fall for a second consecutive year. A slowdown of China's housing market, a correction in Hong Kong property prices, and a 10% fall in Vancouver house prices all indicate a global correction of the market. Singapore is expecting a 5% decline in prices following government intervention to cool the market, while Chinese demand for Bangkok condominiums caused an over-supply. Meanwhile, property investors are eyeing foreign currency purchases in Turkey, which has suffered a weakened lira and high interest rates.