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Russian investors dominate the Phuket real estate market

Russians are interested in 7 of the most popular beaches: Patong, Kamala, Kata, Karon, Bang Tao, Chong Tale and Knighton.

The real estate market in Thailand continues to grow actively since the end of last year and up to the present day. Real estate agencies in Phuket focus on selling villas and condominiums and note a high demand among Russian and Chinese investors.

2023 is becoming a landmark year for the Thai real estate industry. Clients have a high purchasing power, investing in real estate in Thailand, Singapore and Hong Kong. They tend to invest in the long term and live with 5-6-star service. Prices will continue to rise.

Foreign demand for renting and buying villas for rent is growing, many people want to have a second home in Phuket, some customers prefer renting a villa rather than a condominium. This brings a profit of 10% per year.

Tourism industry supports Phuket real estate. Russians have surpassed Chinese investors as the most active investors in Phuket real estate with a share of 40-60%. Previously, the percentage of Russian buyers was about 10-15%.

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