Bangkok Post
Russian condo tranfers surge by 33% in first quarter
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Russia was the only nationality among the top five foreign buyers by both unit transfers and transfer value to record growth in Thailand's condominium market during the first quarter of 2026, with Phuket posting the highest transaction value.
Key facts
- According to the Real Estate Information Center (REIC), condominium transfers to Russians rose 33% year-on-year to 383 units worth 1.66 billion baht, up 69% in value from the same period last year.
- Russia was the only nationality among the top five foreign buyers by both unit transfers and transfer value to record growth in Thailand's condominium market during the first quarter of 2026, with Phuket posting the highest transaction
- Myanmar fell to third place in the first quarter of 2026, with condominium transfers declining 36% to 279 units and their value falling 39% to 968 million baht.
- Transfers dropped 39% to 906 units worth 3.5 billion baht, down 43% in value year-on-year.
- Taiwan, which ranked fourth in both periods, also recorded a significant contraction, with transfers falling 31% to 136 units worth 688 million baht, down 24% in value.
- The US remained in fifth place, with 138 transferred units worth 685 million baht, representing declines of 6% in volume and 16.5% in value.
Summary
According to the Real Estate Information Center (REIC), condominium transfers to Russians rose 33% year-on-year to 383 units worth 1.66 billion baht, up 69% in value from the same period last year.
The increase made Russians the second-largest foreign buyer group by both transfer volume and value, overtaking Myanmar, which held that position in the first quarter of 2025.