Cambodia Real Estate — The Market Report
Cambodia’s real estate market report shows that recent times have been a prosperous period for Cambodia Real Estate Market Report. The economic growth in the last ten years has made the country wealthy. Real estate investment in Cambodia is now well worth doing and has the potential to make you money. The market has seen so much development recently that many of the problems associated with real estate investments in other countries such as Mexico, Thailand, and others, have become a thing of the past. It is important to understand the factors behind the Cambodian real estate market.
Construction and infrastructure developments in Phnom Phen, such as the new international airport and the new Cambodia International Airport Lantan, have helped improve the competitiveness of the market. Economic growth and more investments in infrastructure and development are expected in the near future. In addition, land speculation is now a normal business practice in Phnom Phen. A survey by Global Witness found that almost half of Cambodia’s rural population rely on small-scale, manual labor jobs. This has made the rural population very aware of the need for economic development and they are all looking for ways to make money.
Cambodia has one of the most stable climates in Asia and the demand for real estate properties has been consistently high. The steady increase of tourists, both domestic and foreign, has also created a demand for Phnom Phen properties and a strong market. The government has been conducting various researches into the feasibility of large-scale development of real estate in Phnom Phen and has introduced several measures to facilitate the process. Several new developments, like the extension of the metropolitan area, the building of bridges, and the widening of the highway have been done successfully in the past few years to improve Cambodia’s infrastructure and economy.
Property prices in Cambodia have declined slightly over the last year but the government has taken several steps to support the process of rejuvenation and growth of the economy. It introduced a series of measures including tax incentives and subsidies and the construction of new roads and railways. Recently the government has introduced a policy called the Strategic Research Program on Housing which aims to expand the supply of housing by 50%. As these initiatives are yet to bear fruit, investors need to be cautious and invest only after thorough research and analysis.
Investors need to understand that the real estate market in Phnom Phen does not follow the same trend as the rest of Asia and the market does not follow the same pattern as well. Prices vary depending on whether it is an investment in a single-family home or condominium or luxury apartment. There is also a huge amount of speculative investment that investors can use to acquire shares of prime Cambodia property. Investors need to remember that the real estate market in Phnom Phen is highly unstable and speculative investing can lead to huge losses.
This article is intended to provide information on Cambodia’s real estate market report and the current investment climate in Phnom Phen. I would encourage you to do further research on your own but if you are considering investing in Phnom Phen real estate, make sure you do your research thoroughly. I have included below some links where you can find further information on the Cambodian real estate market report. Good luck!