Russians have found an alternative to Turkey

Russians have found an alternative to Turkey in buying housing — as the Turkish press writes, in recent years, Russians who have “reduced their appetites for housing in Turkey” have been migrating from Antalya. The reason for this is also the measures that made it extremely difficult to purchase a residence permit in Turkey, and the economic situation in Turkey itself with a frenzied rise in price. As a result, our tourists turned to Thailand.

Let’s add that the trend is not new. The growth in real estate sales to Russians was recorded back in December last year — then our tourists bought about 1 thousand apartments, mainly in Phuket and Pattaya, as well as in Bangkok. Read the details here.

This year, the situation has developed and the number of houses bought by Russians in Thailand has reached a record level. According to Ricci/Foreign Real Estate, in the first half of 2024, Russian citizens purchased 9 thousand 300 houses in this country. Thus, the record of the last five years has been broken in this indicator.

By the way, in the winter season of this year, a typical “winterer” presented tourists with a spending plan for those who plan to settle in Thailand. They will amount to about 80 thousand per month when accounting for rented housing. Read the details here.