In January, the share of Russians viewing cards of new and under-construction residential complexes in Thailand was 19% and in Turkey 16%, while the UAE maintains its undisputed leadership with a share of viewing new buildings of 63%. These statistics were provided to socialbites.ca by Yandex Real Estate.
According to the Yandex Real Estate advertising database, there has been an increase in interest in Thailand in the last three months, both in terms of the number of unique users and the number of views: Number of requests for real estate advice in Thailand since November Number of users asking for advice and details on real estate in the UAE % While it increased by 81%, it decreased by 39% for real estate in Turkey and 56% for new buildings in Turkey.
According to 2023 data, Russians ranked second after the Chinese in terms of the volume of apartments purchased in Thailand: the share of Russians was 9%, the share of Chinese exceeded 46%, and the third place was occupied by US investors. It has a share of 3.9 percent.
“We are now seeing a decrease in the historically high demand from Russian citizens for Turkish real estate and an increase in investment interest in Thailand. One of the reasons for the redistribution of demand is the cost of real estate under construction in Thailand: here the entry threshold for a new building starts from 100 thousand dollars, while in Turkey and the Emirates it exceeded 150 thousand dollars and 250 thousand dollars, respectively,” commented Evgeny Belokurov, commercial director of Yandex Real Estate.
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