March 17, 2024

Investments

Thailand has abandoned plans to sell land to foreign buyers.

Opposition parties vehemently opposed the government’s proposal to allow foreigners to acquire land for housing in Thailand, labeling it as detrimental to the nation’s sovereignty. They argued that such a move would essentially amount to “selling out” the country’s valuable resources. Government spokesperson Anucha Burapachaisri announced during a recent cabinet meeting in Bangkok that the proposal was being withdrawn for further evaluation. He emphasized the government’s commitment to considering public sentiment and feedback on the matter before any decisions are finalized. Prime Minister Prayuth Chan-Ocha addressed reporters, clarifying that while the initiative is temporarily on hold, it is not entirely

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Australia News

Regional Real Estate: Six Places With The Steepest Price Declines

An open house sign and an overhead picture of a regional Australian property market. The booming local real estate market may be gone. Australians who saw the outbreak as a chance to test the local real estate market may regret doing so as prices fall. Recent data from CoreLogic indicates that the regional housing bubble caused by COVID-19 has popped. According to CoreLogic’s Regional Market Update report, the regions with the most expansion during the boom are currently experiencing the most contraction. In six of the most sought-after lifestyle markets, home prices dropped by six percent or more in the

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