For the last few years, the real estate market in Cambodia is going up. This performing sector contributes a lot to the country’s escalating economy. That’s why Cambodia is considered nowadays a paradise for real estate investors. Many foreign investors come to this country to invest in the real estate business. Even many global companies are setting up their operations here.
Are you planning for real estate investment? Then it’s highly recommended to invest in Cambodian real estate. Prior to that, read the entire blog to know why you are suggested so.
Why Invest in Cambodian Real Estate?
Go through the following points attentively before making a decision.
- A Politically Stable Country
The government of Cambodia is making substantial effort to make this country politically stable. Even the members of parliament, ministers, and other national institutions are working together to develop this country. Consequently, Cambodia has become a country of the fastest-growing economy in Asia. Here, you can enjoy all sorts of private and public sector amenities.
- GDP Growth
A good real estate market requires a robust economy. And that’s where Cambodia is going ahead. The GDP of this country rose by 6.9% last year. It ranked the second fastest economy among the countries of Southeast Asia. It has been many years that Cambodia doesn’t encounter any financial crisis. According to the World Bank report, Cambodia has made immense growth in different sectors including real estate.
- Land Price Is Rising
Since 2010, people in Cambodia have been witnessing a significant growth of the real estate market. And it will boom further in upcoming years. Hence, the price of buildings and land properties here is increasing day by day, especially in Phnom Penh. This is why many foreign investors come to this country and are showing interest nowadays to invest in the real estate market.
- Dollarized Economy
The US-China trade war impacted the global economic picture a lot. And that’s where Cambodia was highly benefitted. China started to rely on this country as a trading base. Consequently, Cambodia can develop its power as an exporter. Since then, the dollar economy of this country has been creating a sense of security for real estate investors. It denotes a stable monetary policy.
- Strategic Location
Location matters a lot in terms of real estate investment. Well, the strategic location of this country has turned it into a favourable destination for foreign investors. Escalating economic countries, such as Vietnam, Thailand are sharing their land and sea border with Cambodia. This country is also close to two of the fastest-growing economies – India and China.
- Improved Transportation Facility
In this country, all the key roads and bridges linked to neighbouring countries have been upgraded. The rail system has also been improved a lot. The government is collaborating with China to expand and modernize the seaport. Even this country already has three international airports.
- Presence of International Groups
In Cambodia, a large number of real estate companies are deploying their capital. One of the largest international schools located in Phnom Penh is also expanding its footprint here. Most importantly, Cambodia is a member of WTO and ASEAN. It’s also a part of ‘One Belt One Road Project’. So, do you think that the real estate investment in Cambodia will leave you disappointed?
- The Best Investment Destination
According to a report published by Bloomberg, China’s interest in Cambodian real estate investment is increasing day by day. Besides, hundreds of real estate companies from other countries are investing in Cambodian property. In 2018, China invested around 7 billion dollars here for several new projects and highway.
- Tourism Is Growing
Cambodia is highly ambitious for a tourism plan. The government Of Cambodia is still putting immense effort to make this country attracted to tourists. In Phnom Penh, you will witness plenty of boutique villas where you can stay. Well, now the country is expecting 12 million tourists by 2025. And attracting more tourists means they will come to know about the real estate market here. And the chance is high that they may invest.
However, the real estate market in Cambodia is continuing to grow. And in the coming years, investors will gain massive profit here. So, take your time and make a wise investment.