We hear plenty about Asia's ascendancy on the global stage, about the growing power of China and the vibrancy of Tiger economies. However, it is not all good news for Asia, because some countries are struggling, most notably Thailand.
New research from website, The Global Property Guide, shows residential property prices fell in Thailand faster than anywhere else in the world in the third quarter of 2010, down 10.25 per cent quarter-on-quarter, wiping price rises earlier in the year and exacerbating a collapse in values during 2009.
Strength in the Thai economy has been sapped by political strife and falling numbers of tourists visiting the country. In particular, demand for holiday homes is weak. On the positive side, those tourists who do brave street protests and airport sit-ins can enjoy having sandy beaches like this one on the island of Koh Samui (pictured here) almost to themselves.
http://globalpropertynews.blogspot.com
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