'Main customers': Russians fleeing Putin's war find a home in Phuket | Thailand
Thai island has had influx of those either trying to avoid fighting in Ukraine or feel unwelcome in Europe
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Thai island has had influx of those either trying to avoid fighting in Ukraine or feel unwelcome in Europe
Return of Russian, Chinese buyers sparks Phuket real estate boom Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
The Phuket property market surge is expected to continue for at least two more years, buoyed by the strong growth of the tourism sector.
Amid a property market slowdown and travel obstacles, developers are adopting digital tools to boost residential sales from local and foreign demand as well as tapping into a new generation of buyers offering sales via cryptocurrency.
BANGKOK: Economic and tourism recovery driven by vaccinations will help revive the sluggish property market in tourism-reliant provinces which have been hit hard since the spread of COVID-19.