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
