October 3rd, 2010
It is common knowledge that an increasing number of Russian tourists have been choosing Thailand as their favourite tourist destination. While they seem to prefer well-known beach areas such as Pattaya or Phuket, during the last decade their interest in acquiring houses and condo units has had an impact on these areas. Our website House in Thailand will be following this trend and its overall impact on Thailand housing market.
This article analyzes the situation in Phuket where Russian tourist operators seem to expand their businesses as Russian carriers plan to provide more and more flights for Russian visitors.
Russians like to purchase large, expensive villas and there are a number of local real estate agents who specialize in this Russian market. Laguna Phuket is a favourite although most of the units are not used or even in rental pools; they are mainly there for investment only. Russians tend to not like other people using their units. There are Russians working on Phuket for tour companies and there is even a Russian language magazine, a Russian version of the established Phuket Magazine. (http://www.property-report.com/site/the-russians-are-coming-to-phuket-9050)
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