Thailand’s ‘Little Russia’: Why Rich Tourists Are Rushing To Buy Phuket’s Luxury Houses

Phuket is seeing a post-pandemic property boom, as wealthy Russians seek new investment and home opportunities amid the Ukraine war. Aided by relaxed visa rules and legal loopholes, Russians became the island’s second largest group of foreign condominium buyers after Chinese clients in 2023.

But some locals are worried.

00:02 Russian demand for Phuket’s luxury villas
00:45 Capital flight amid the Russo-Ukraine war
01:37 Why Russian travellers love Thailand
02:27 Sanctions and conscription as major push factors
04:20 Thailand increases visa exemption period for Russians
05:02 Surge in Thai housing prices
06:20 Locals feel impact on rental property costs

WATCH THE FULL EPISODE:
Russians Flock To Thailand After War In Ukraine: Are They Welcome? | Insight | Full Episode
https://www.youtube.com/watch?v=DjywcwXPVvk

ALSO WATCH:
The Highs And Lows Of Thailand's Cannabis Rush | Undercover Asia
https://www.youtube.com/watch?v=gwYP014LUx8

The Push For Sustainable Tourism In Southeast Asia Amid Pandemic | CNA Correspondent
https://www.youtube.com/watch?v=xX5XcqQhlI8

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ABOUT THE SHOW: Insight investigates and analyses topical issues that impact Asia and the rest of the world.
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