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CNBC’s Diana Olick gives a preview of the real property market next 12 months. Bali has outpaced the worldwide glamour locations of Ibiza and Mustique, with luxury villa and land prices jumping 15 per cent final 12 months compared with simply 5 per cent development on the Spanish and Caribbean havens. An oversupply in luxurious housing, plus a limited pool of consumers, has already slowed sales in that sector And tax woes have only elevated hesitation from patrons.