Buyers from Russia have become the main home buyers in the region, purchasing 74 apartments in Phuket for a total of $7 million between January and March 2022. About informs Bangkok Post cited data from the Thailand Property Information Center.
In the January-March period, Russian citizens took the first place, buying 74 apartments worth 245 million baht (approximately 7 million dollars). In second place is China, where the residents of this country bought 14 objects worth 1.5 million dollars, while the USA closes the top three for 1.4 million dollars as a result of 9 objects bought.
The publication noted that in 2021, Russia took the second place, as China came first. But due to the coronavirus and the next covid restrictions, the Chinese have become less and less active in buying homes in Thailand.
According to Nattha Kahapana, Managing Director of Knight Frank Thailand, the condominium market in the country will grow due to the activity of foreign buyers, especially Russians. Accordingly, housing prices in the region may grow by 10-15% on average.
In early May, experts from the EU Tax Observatory analytical center reportedHe said that the Russians have started to own 3% of the real estate valued at $3.3 billion in Dubai.