According to a Sunway Estates study, the number of Russian real estate deals in Thailand in January-August 2026 increased by 38% compared with the same period last year.
Alexey Igoshin, director of the investment company Izbushka Properties, estimated the increase in the number of Russian deals in the country over the same period at 45%, and the volume of investments at 65%. He also said that Russian citizens have moved into second place among foreign buyers of Thai real estate: they account for 12.6% of all deals, compared with 7.9% a year earlier.
Prian portal expert Philipp Berezin estimated the growth in Russian demand for real estate in Thailand at about 50% over eight months. According to Kalinka, Thailand ranks second among the destinations most in demand among Russian citizens after the UAE, and the bulk of inquiries are for Phuket — the Thai island, with 63% of requests, Pattaya — a resort city on the coast, with 21%, and Bangkok and Samui — 8% each.
Berezin explained the interest by the fact that it is relatively easy for Russians to transfer money to Thailand, open accounts there, and pay for real estate purchases. According to him, a property can be bought for less than $100,000, and living costs in the country are lower than in Europe and the US.
Reports of a possible new wave of mobilization after the September elections in Russia have been circulating for several months. In August, sources at the American The Wall Street Journal, The New York Times, and the British Financial Times wrote about this, and similar statements were made by Ukrainian President Volodymyr Zelensky.
The London-based International Institute for Strategic Studies (IISS) noted that since December last year, the pace of troop replenishment in Russia has remained below frontline losses. Bloomberg wrote that even officials and staff at army recruitment centers fear a new wave of mobilization; according to the agency, the Kremlin discussed sending another 300,000 people to the war, but no final decision has yet been made. Meduza reported that since late July, realtors in Tbilisi, the capital of Georgia, Belgrade, the capital of Serbia, and Yerevan, the capital of Armenia, have been recording an increase in Russian requests for long-term rental housing.
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