Has the effect of the enforcement of the 49% foreign ownership rule resulted in a downturn in the tourist industry in Pattaya/Jomtien? I suppose current local owners (not within the 49% deemed) who wish to sell are restricted in whom they can sell to.
Where for example will you find thousands of Thais with enough cash to buy in Ocean Tower (or whatever it is going to be called).
Or is the downturn if it is a downturn to do with the climate developing under the current unelected regime
By way of interest here are some photos of a random day last week at Talay Jomtien Empty pretty much. All the local masseurs and merchants complaining MUCH more than usual.
Is this current season going to be a flop?
Anakot