Russians buy real estate in Thailand and Indonesia

From the beginning of 2023, the activity of Russians in the Thai real estate market has more than tripled, and in the Indonesian market - more than doubled. Many see real estate in Asian countries as an investment: with the revival of tourism and the opening of China's borders, demand for buying and renting real estate will increase.

According to Tranio, Russians' interest in real estate in Thailand in the first quarter of 2023 increased by 57% year-on-year, and in Indonesia by 39%. Barnes International Moscow reported a 30% year-over-year increase in demand for real estate in Thailand and Indonesia. These countries now account for 20% of total overseas real estate demand.

According to Prian.ru, demand for real estate in Thailand grew 3.4 times year-on-year in January-March 2023, and in Indonesia - 2.2 times. Prian.ru editor-in-chief Philip Berezin noted that these countries currently account for 95% of demand for real estate in Southeast Asia.

Berezin explained that the interest in Thailand and Indonesia is due to the desire of Russians to invest abroad and the simultaneous reduction in the number of countries where they can do so.

Many buyers consider real estate in Asian countries as an investment, Berezin said. He predicted that with the revival of tourism and the opening of China's borders, demand for buying and renting will increase.

Prian.ru estimates that rental income in these countries can reach 7-9% a year, and up to 40-50% can be earned through price increases during construction.

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