Buying Property in Siem Reap: The Ultimate Guide

Posted on 2 Comments

buying-property-siem-reap

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Siem Reap is the gateway to one of the most visited ancient temples in the world, Angkor Vat.

Following the increased amount of tourists visiting Siem Reap, both locals and foreigners want to grab a share of the real estate market.

Not only will you find opportunities to buy residential property, it’s getting increasingly popular to buy hotels and restaurants as well.

In this article, I explain the basics you need to know if you plan to buy property in Siem Reap.

Siem Reap real estate market

Compared to its rival Sihanoukville that gets income from other industries than tourism, like manufacturing and fisheries, Siem Reap’s economy relies heavily on tourism. In fact, it’s said that 50% of the Cambodians who live in Siem Reap work in tourism.

Just look at these numbers:

The tourism has increased massively in Cambodia the past years and more than 5 million people visit the country yearly. Siem Reap receive more than 2 million tourists each year, making a great contribution.

I think we can agree that these numbers speak for themselves.

As one of the most visited cities in the world, especially from countries like China, Korea and Vietnam, tourism grow by 10% on average annually.

The Chinese flood Siem Reap’s property market

Continue reading Buying Property in Siem Reap: The Ultimate Guide

How to Buy Land in Sihanoukville: A Complete Guide

Posted on 4 Comments

buying-land-sihanoukville

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Sihanoukville has grown rapidly the past years and now attracts a big amount of investors and tourists.

Previously a sleepy tourist destination that was infamously known for attracting Western foreigners who were partying a bit too hard, it’s now attracting casino visitors, people enjoying its beach resorts, investors, and more.

Not to neglect, except for tourism, it’s also engaged in a number of other industries like textile, manufacturing, and agriculture.

In this article, I explain the opportunities to buy land in Sihanoukville.

Sihanoukville property market

Much investment pours in to build condos, casinos, and other property that will help to cater to more visitors, mainly from China but also locals.

Yes, the Chinese are taking over the property market in Sihanoukville.

Just listen to this:

Previously, Western companies made up 75% of all investments in Sihanoukville. Nowadays, an almost equally big share of investment is covered by the Chinese – alone.

Locals are even afraid that the Chinese will take over the real estate market completely, making Sihanoukville into a “Chinatown”.

Is Sihanoukville’s property market in a bubble?

Continue reading How to Buy Land in Sihanoukville: A Complete Guide

Buying a Condo in Phnom Penh: A Beginners Guide

Posted on 3 Comments

buying-condo-phnom-penh

Do you plan to buy property in Cambodia?
Click here to get in touch with an experienced agent

Cambodia is growing fast economically and has attracted many foreign corporations in the past years.

With an influx of many Chinese buyers and expats (that needs housing), prices have increased much.

Cambodia provides great yields and experienced early investors have managed to earn decent money through property investments.

In this article, I explain the basics when buying a condo in Phnom Penh.

Phnom Penh’s property market

Property prices have increased fast in Phnom Penh in the past years. So fast, so that the local economy has difficulties to catch up.

I would be lying if not saying that Phnom Penh is facing a new property bubble, within a short time. Or maybe not, if the Chinese continue to pour in, driving up the prices…

It’s a similar scenario as we see with Bitcoin, very volatile, but continuously climbing higher.

Continue reading Buying a Condo in Phnom Penh: A Beginners Guide