An important element for the Internal Market in the EU and the Lisbon Agenda is a wellfunctioning labour market. In recent years we have witnessed an increase in cross-border labour migration in Europe, especially since the enlargement of the EU in 2004. Most worker migration has so far been of a temporary nature.
Household wealth has increased strongly, however this was mainly as a result of a significant increase in the valuations of financial assets, possibly leaving consumers in a financially vulnerable position. House prices in South Africa are fairly valued at present and do not present any risks to financial stability.