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Australian workers can expect only modest pay rises next year while high growth markets in nearby Asia will see wages increase by up to three times that of their Western neighbours, according to the latest pay forecast data by global management consultancy, Hay Group.
As the world spends the last few weeks of 2012 debating whether the Mayans were right and that the world will actually end on Friday 21st December, few people are doing what needs to be done: finding a place to hole up and stay safe.
Despite falling property prices in many areas and concerns over further contraction of the Spanish economy in 2013, it seems the sun is still shining for some with leading house builder, Taylor Wimpey España enjoying increasing sales volumes in 2012.
Spanish property prices are falling now, but that won't continue forever. In fact, Spanish property prices will rise again in 2017, The Fund for the Orderly Bank Restructuring (Frob) has declared.
Foreign buyers are increasingly more attracted to houses on the market in Spain because of the possibility of having a second home in a warmer area that will only cost more or less half or even a third of the original asking prices that were seen in 2008.
Real estate investors will continue to encounter low interest rates, muted inflation and sluggish growth in most of the world's major real estate markets for at least the next couple of years according to the 2013 LaSalle annual Investment Strategy report.
The world's housing markets posted mixed signals during the full year to Q3 2012, according to the latest survey by Global Property Guide, and Europe is at the eye of the storm.
The largest of the Balearic Islands, Mallorca (or Majorca) is famous around the world as a sunny holiday destination. But for many luxury property hunters, the island is a home from home, with the Mediterranean climate and beautiful landscape providing an exclusive backdrop to some of the world's most prestigious villas.
Brazil property prices soared this year, according to Knight Frank's Global House Price Index, as eurozone markets slumped.
With the financial crisis making real estate in Spain more affordable than ever, the number of people looking to snap up a bargain Spanish property is ever increasing.
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