Russian people have become top buyers of properties in Phuket, one of Thailand’s top tourist destinations which has been dubbed “The Pearl of The Andaman”, with a 50/50 of the purchase for investment or living.
Russian people have shown interest in owning pool villas which are easy to manage compared to condominiums because contracts to purchase pool villas should be made before the construction begins.
“Even though sales cannot surge, the property market in Phuket can expand steadily,” Nattha said.
Opportunities in the EEC
Unlike in Bangkok, property projects in the Eastern Economic Corridor (EEC) have gained attention among Thai labourers and foreign expats who work near industrial estates, especially those in Chonburi and Rayong provinces.
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