The Phuket property market is on fire now, with the help of Chinese and Russian investors. Chinese buyers are reportedly increasing their investments, buying up villas, shophouses, and even orchards, to cater to Chinese tourists. Russian property investors are also contributing to the surge in demand for villas and homes in Phuket.

While Russians are interested in buying pool villas, Chinese investors like every type of property to offer complete service to Chinese tourists. They will bring tourists and provide housing, restaurants, shopping, and even tours of durian orchards.

According to Nattha Kahapana, the managing director of property consultant Knight Frank Thailand, we can expect more in the coming months.

“Russians are buying real estate in Phuket to live. They intend to buy immediately as they want to start moving in right away. More Chinese investors are expected to come to buy seven-eight months after the flow of tourists.”

Credit: thethaiger.com