Phuket: Post-Covid and Post-Ukraine-War

Last updated 17/09/2026

Thailand’s borders were effectively closed from April 2020 to November 2021; Phuket’s rental and resort market collapsed. (Source)
After the outbreak of the war in February 2022, many wealthy Russians came to Phuket buying villas and apartments. (Source)
According to Knight Frank, Russians bought 40–60% of properties for sale (up from 10–15% before); prices rose by 15–20%. (Source)
Land in some areas rose in price from 3 to about 9 million baht per rai; near the beach up to 40 million; in Patong about 120 million per rai. (Source)
Rents for luxury apartments rose by as much as 300%, but not in areas further inland where local workers live. (Source)
Authorities expressed concerns about money laundering. (Source)
A wave of new supply from 2024 is creating oversupply in some segments (e.g. apartments in Cherngtalay). (Source)

Latest articles for Phuket

You save days of searching and avoid the mistakes that cost the most. One person who takes care of it, and a clear price before anything starts.

Online consultation
30 or 60 minutes of straight answers for your case: a visa, a move, a route, a purchase. From wherever you are.
Book a consultation
A trip plan, done for you
Route, nights, places to stay, transport and budget, ready for your dates, with the before-you-fly checklist.
See the trip plans
I sort it for you
Visa, school, a flat or house, bank account, driving licence, airport transfer. Tell me what you need and I send you an offer.
Ask for an offer