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Russians Slowly Returning to Phuket

Category : Property Market News | Posted On 2017-11-05 00:00:00

The local economy is picking up and this is in part because of the Russians slowly returning to Phuket. The ruble and stock markets are finally recovering. Russia’s commodity-driven economy was set back by low energy and commodity prices, in addition to US sanctions which is behind them now.

With the election of Donald Trump, the relationship between these two countries is slowly improving. 

Russians in Phuket are starting to come back and increasingly they are shifting from Pattaya towards the Southern provinces. Russian arrivals are starting to strengthen in Phuket and will continue to do so most likely as long as oil prices stay up.

Russians Slowly Returning to Phuket

Phuket already has a well-developed Russian-friendly tourism infrastructure with Russian speaking professionals as well as hotels, restaurants, and real estate agents focused on the unique needs of these buyers.

With the Russian economy, ruble and stock market rebounding, we suspect more Russians in Phuket this high season for some "winter sun". 

Article Source: Phuket News

 

Phuket Realtor
David Henry
David Henry is known for his integrity, high energy and hard work which goes into every detail or your real estate transaction at Phuket Realtor. David grew up in the Boston area and started as a realtor in his 20's. With over 30 years of experience in real estate, he has now started one of the best independent real estate agencies in Thailand.

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