For Russians Thailand is rather associated with leisure than with investments and much less real estate. However, regarding the fact that cost of a square meter is falling down, the time has come to study present and dip into the future of hitherto unknown Asian real estate markets.
The kingdom of Thailand takes a special place among the countries in which Russians get habitation. The Russian-speaking press in resort regions of Pattaya and Phuket is more and more growing into real estate catalogues.
Thailand is a country of broad beaches and mountain lakes, of elephants, palms and tempting hot dishes – got its name from one of the “Asian tigers” in the 80-s. The country is still in its serious economic development stage, and this provokes a real boom in the sphere of tourism and in the real estate market. The southern island appeared to be the most attractive for the investors.
Russian real estate buyers: who purchases, what and where?
The headlines speak for themselves. “From Russia with cash” writes Wall Street Journal. “Russians buy up Australian riches” states BBC. “You can not image how large-scaled Russian buying spree is,” agrees New York Observer.
There is no threat of bankruptcy for Thailand real estate market
The global financial crisis and local political disorders affected negatively the Thailand real estate market. Nevertheless, experts think that there will be no market crash.