New regulations are being introduced in Cambodia to protect property investors from fraud as the country's real estate industry booms.

The number of tourists visiting Cambodia has increased in the first half of this year with authorities now predicting more than 2.3 million visitors for 2008.

Cambodia is experiencing a property boom as private equity funds, backed by brand-name investors, bring millions of pounds of foreign investment into the country.

Cambodia's national airline which was scrapped with massive losses in 2000 is to be re-launched at the start of a push to encourage more international interest in the country.

Foreigners could be allowed to buy property freehold in Cambodia by the end of 2008 under an amendment to the property laws being considered by the Government.

The government in Cambodia is considering allowing foreigners to buy real estate freehold. Although it may be some time before change comes about, one property experts believes it could be one of Asia's best buys.