Countries with the cheapest property values are…

One thing’s for sure: you won’t find Canada on the list of the top ten countries with the cheapest property values.

In fact, New Zealand, Australia and Canada have “the most wildly overvalued property markets” in the world, according to a study conducted by the Organisation for Economic Co-operation and Development in May 2014, reports The Telegraph.

Read: Commercial real estate slows

The OECD also captured how global property prices compare to rental prices. The results, included in its wider report on economic prospects, indicated rental expenses in Britain are creeping above longer-term norms, suggesting that region’s market is overheating.

On the upside, there are several global hotspots that offer beautiful, low-priced properties. These include Spain, Greece and the U.S. To learn more, click here.

Also check out:

How to buy U.S. real estate (and, for tax advice, 4 tax tips for clients who own U.S. property)

Are clients putting off home purchases?

Tax tips for cottages

Comparing global home prices

Cross-border concerns for athletes