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    Kashmiri government employees are sprayed with purple colored water by Indian police to disperse a protest in Srinagar on May 9,, 2012. Indian police detained dozens of government employees, used water cannons and resorted to baton charging the employees during the protest. The government employees were demanding an increase in the retirement age from 58 to 60 and the release of arrears. AFP PHOTO/Tauseef MUSTAFA

    The week in pictures, May 6 - 12

    Ash-Abhi

    Ash-Abhi: Five years of togetherness

    As Bollywood's 'It' couple Aishwarya Rai and Abhishek celebrate their 5th wedding anniversary, … More »Ash-Abhi: Five years of togetherness

    Bollywood's hottest bikini babes

    Bollywood's hottest bikini babes

    Bollywood has a long list of babes who have slipped into the bikini and carried it off … More »Bollywood's hottest bikini babes

    Spectacular solar flare erupts from the sun

    Spectacular solar flare erupts from the sun

    The sun erupted in an amazing solar flare on April 16, unleashing an intense eruption … More »Spectacular solar flare erupts from the sun

    Jeddah's Kingdom Tower, set to become the world’s tallest building, will be completed midway through 2017, Kingdom Holding's Chairman, Prince Alwaleed Bin Talal said. The 1,000m high skyscraper will be the centerpiece and the first construction phase of Kingdom City Jeddah — a new urban development of more than 5.3 million sq m of land in the north of Jeddah, overlooking the Red Sea and Obhur Creek. (Image: Adrian Smith Gordon Gill Architecture)

    Jeddah's 1km-high tower

    Jeddah's kilometre-high skyscraper is to be complete in 2017, it has been announced. More »Jeddah's 1km-high tower

    Supermodels

    Supermodels: Then and now

    The world's top models from their early days to now. More »Supermodels: Then and now

    Doctors fight to save life of six-legged baby

    Six-legged baby successfully operated

    Doctors in a Karachi hospital have successfully removed the extra limbs of a baby boy … More »Six-legged baby successfully operated

    The cost of being a celebrity

    The cost of being a celebrity

    So, you think it is easy being a celebrity? Think of the fans, the events, the premiere … More »The cost of being a celebrity

    Celebs at Bappa Lahri's reception

    Celebs at Bappa Lahri's reception

    Kajol, the Bachchans here's a look at all the celebs who were there to bless the coup … More »Celebs at Bappa Lahri's reception

    Global real estate markets had a forgettable last year, with prices rising a paltry 0.5 percent, leading to gloomy forecasts for 2012. But over the past five years, prices have registered huge gains, sparking fears of an asset bubble and concerns over the impact of high household debt. We've put together a list of the world's 10 hottest property markets based on research by global real estate consultancy Knight Frank, which ranks countries according to highest average growth in housing prices from the fourth quarter of 2006 to the same period in 2011. The national five-year averages reflect mainstream housing prices in most major cities in all the listed countries expect China, which only includes home prices in Beijing and Shanghai. Click ahead to find out which property markets have skyrocketed. View the original slideshow from CNBC.com here. http://www.cnbc.com/id/47082429?_ source=yahoosg|PropertyMarkets|&par=yahoosg By Rajeshni Naidu-Ghelani Photo: Getty Images

    The World’s Hottest Real Estate Markets