The top 5 cities where prices are being slashed

A large percentage of houses in these towns are offered at deep discounts. For the lucky few who are buying homes, this may be good news: The latest data show that people selling homes are increasingly abandoning their original asking price and offering their listings for a discount.

Traveling and shopping go together like Prada and Bulgari, so we’ve picked out some of the hottest places to shop around the world. Even if your budget is tight, these places are great for window-shopping and people-watching.

Shopping Meccas

Milan, Italy

The Great Recession of the past several years spared few cities. But in these 10 major metros, the meltdown often capped decades of economic decline, ushered in by the loss of industry and a fleeing younger population.