southeast-asia-attracts-foreign-homebuyers

Southeast Asia attracts foreign homebuyers

Countries like Thailand and Malaysia are waking up to the benefits that second-home buyers can bring to the economy.
December 18, 2007
A few countries in the region are starting to realise that mass tourism isnÆt the only way to benefit from their beautiful beaches and mountain hideaways. After two decades of aggressive tourism campaigns, Asian countries are now competing with each other in the second-home market.

Foreign tourists are a blessing û they bring plenty of cash and generate jobs, which can be a huge contributor to the economies of tourist-friendly nations such as Thailand and Malaysia. But tourists are a fickle bunch too. Thousands cancelled holidays to Phuket when bird flu killed a few elderly people in Hong Kong and the aftershock of terrorist attacks in Bali were felt across the region.

Tourism also brings...
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