Cambodia Real Estate Market Report
Cambodia is an increasingly popular destination for international tourists. In recent years Cambodia has experienced rapid growth and development, attracting millions of visitors every year. One of the attractions of Cambodia real estate investment is that prices are relatively low compared to other real estate markets. There is also a wide choice of properties from luxury holiday homes in Phnom Phen province, to agricultural estates in the Mekong Delta. Here is a Cambodia real estate market report on Phnom Phen which covers many of the popular investment destinations.
Cambodia is currently experiencing rapid economic growth and development. As a result there has been a dramatic increase in the demand for real estate, both by local individuals and international investors. A Phnom Phen real estate market analysis will show that developments on paper show very good potential in the tourism industry, particularly in Phnom Phen's coastal regions. However real estate investment in the rural regions has lagged behind in recent years, resulting in a lack of suitable properties for tourists and foreign investors.
Phnom Phen is the most popular holiday destination in Cambodia. It attracts many Western tourists, many of whom visit the coastal regions to enjoy the beautiful beaches and relaxed atmosphere. Many real estate investors are attracted to Phnom Phen because of the relatively low prices of its properties. The main centres of interest are Sihanoukville, the main town on the south coast, and along the Gold Coast. The market is characterised by luxury beachfront villas and resorts with English-speaking staff.
Like many of Cambodia's main cities, Phnom Phen is undergoing rapid economic development and urbanising. Although many of the historic areas are still home to Khmer influence, modern housing is predominately English-language constructions. Real estate investments in Phnom Phen and other coastal regions are expected to grow rapidly as the demand for luxury properties increases.
A Cambodia real estate guide will highlight the differences between Phnom Phen and other coastal cities in Cambodia. It is often called "land of opportunity". Real estate experts believe this is because it offers a much less competitive advantage over its neighbors. Compared to Vietnam, Thailand and Myanmar, the cost of living in Phnom Phen is much lower. Real estate prices also tend to be a lot higher. The government has also implemented several measures in order to encourage growth in Phnom Phen, including the introduction of a policy of open economy, a policy which encourages foreign investment and the construction of facilities to facilitate the growth of residential properties.
Cambodia is currently experiencing rapid economic growth and development. As a result there has been a dramatic increase in the demand for real estate, both by local individuals and international investors. A Phnom Phen real estate market analysis will show that developments on paper show very good potential in the tourism industry, particularly in Phnom Phen's coastal regions. However real estate investment in the rural regions has lagged behind in recent years, resulting in a lack of suitable properties for tourists and foreign investors.
Phnom Phen is the most popular holiday destination in Cambodia. It attracts many Western tourists, many of whom visit the coastal regions to enjoy the beautiful beaches and relaxed atmosphere. Many real estate investors are attracted to Phnom Phen because of the relatively low prices of its properties. The main centres of interest are Sihanoukville, the main town on the south coast, and along the Gold Coast. The market is characterised by luxury beachfront villas and resorts with English-speaking staff.
Like many of Cambodia's main cities, Phnom Phen is undergoing rapid economic development and urbanising. Although many of the historic areas are still home to Khmer influence, modern housing is predominately English-language constructions. Real estate investments in Phnom Phen and other coastal regions are expected to grow rapidly as the demand for luxury properties increases.
A Cambodia real estate guide will highlight the differences between Phnom Phen and other coastal cities in Cambodia. It is often called "land of opportunity". Real estate experts believe this is because it offers a much less competitive advantage over its neighbors. Compared to Vietnam, Thailand and Myanmar, the cost of living in Phnom Phen is much lower. Real estate prices also tend to be a lot higher. The government has also implemented several measures in order to encourage growth in Phnom Phen, including the introduction of a policy of open economy, a policy which encourages foreign investment and the construction of facilities to facilitate the growth of residential properties.
Unlike neighbouring countries, property values in Phnom Phen are likely to appreciate significantly, especially since the prices are still very low. However, there are no plans currently in the works to develop the rural areas. Given that most foreign investors are not interested in investing in Phnom Phen, it will probably take several years before the market recovers to previous levels. In the meantime, Cambodia real estate market report investors must continue to be on the lookout for good deals. Otherwise, they may miss out on some of the best deals in the country.
Cambodia real estate also benefits from the large numbers of tourists that throng the area on any given day. Tour operators take advantage of the large number of available hotels and cheap flights to keep the tourists interested. Phnom Phen is also an excellent place to do some sightseeing. Some of the attractions include the Angkor Temple complex, the flooded Phnom Phen Valley and the beautiful town of Siem Reap. A real estate guide will advise potential investors to consider real estate investment opportunities in these and other nearby regions.
As the real estate market in Cambodia gradually improves, prices in Phnom Phen will likely increase as well. The future looks particularly bright for those with a keen eye for investment opportunities in Cambodia and real estate in Phnom Phen, as tourism is forecast to contribute a significant amount to the economic development of the country. Given the current climate of the global real estate market, it seems likely that prices in Cambodia will soon rise again. For the time being, however, investors should focus their attention on Phnom Phen, while holding on to their current portfolios.
Cambodia real estate also benefits from the large numbers of tourists that throng the area on any given day. Tour operators take advantage of the large number of available hotels and cheap flights to keep the tourists interested. Phnom Phen is also an excellent place to do some sightseeing. Some of the attractions include the Angkor Temple complex, the flooded Phnom Phen Valley and the beautiful town of Siem Reap. A real estate guide will advise potential investors to consider real estate investment opportunities in these and other nearby regions.
As the real estate market in Cambodia gradually improves, prices in Phnom Phen will likely increase as well. The future looks particularly bright for those with a keen eye for investment opportunities in Cambodia and real estate in Phnom Phen, as tourism is forecast to contribute a significant amount to the economic development of the country. Given the current climate of the global real estate market, it seems likely that prices in Cambodia will soon rise again. For the time being, however, investors should focus their attention on Phnom Phen, while holding on to their current portfolios.