Phuket - a new oasis for investors from Russia and China

30.03.2023
Phuket - a new oasis for investors from Russia and China

Phuket, located in the south of Thailand, is becoming an increasingly attractive place for investors, in particular for Russian and Chinese. It is worth noting that not only luxury villas, but also apartments in different areas of Phuket are in growing demand. One of the main advantages of Phuket is its favorable climate and beautiful beaches, which make it an ideal place to relax and invest.

Russian and Chinese investors prefer to purchase luxury properties worth more than ten million THB, or $300,000, which indicates the high level of income of these investors. However, not all potential buyers can afford such an expensive property. Therefore, the development of affordable housing in Phuket can be an interesting direction for new developers.

However, the development of the construction industry on the island may lead to negative consequences, such as increased carbon emissions and energy consumption. Therefore, the island's authorities must take steps to reduce the negative impact on the environment, for example, by using renewable energy sources and reducing the use of cars.

In general, the growth in demand for real estate in Phuket is a positive factor for the economy of the island. However, it is necessary to take into account the potential problems associated with the development of construction and environmental management on the island. All these factors must be taken into account in order to maintain the sustainable development of Phuket's economy in the long term.