of course, those who can't prove the origin of their money would be stunned - they would think Thailand is a paradise to launder the black market money same as Spain was (and still to some extend is) to the other Europeans.

if there is a slow down it means that the law was important to implement, was useful. And it is directed to 'property developers' laundering big bucks rather than a pensioner selling off his property in the cold country and moving with the money to a sunny place.

many holidaymakers would buy property in the hot countries not as an investment (or money laundering) but simply as a mean of having a second property to be used by themselves, relatives and friends in a prime tourist spot. For some those holiday homes might be even a source of income from renting out the property - but it's a secondary.

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