For any investor, one of the biggest challenges is finding the right investment option. As an investor, you might be confused about what investment option will give you the best returns. Finding the right investment becomes more difficult during economic downturns.
First of all, when it comes to investment, there are various options available like stocks, mutual funds, real estate, and much more. With so many options, it is easy to get confused.
If you are planning to invest your money, it is a good idea to invest in real estate. The performance of the real estate market will differ from one country/location to another. While countries worldwide are not doing well in the stock market, real estate market, etc. Cambodia is a country which is thriving even during the tough times.
Over the past few decades, Cambodia is the country which has done amazing even during challenging economic times. When it comes to real estate investment, investing in developing countries can be scary, and it may come with a lot of risks. Instead of investing in a country with a lot of risks and very less expected returns, you should consider investing where there’s a minimal risk, but the high expectation for returns.
Do you know Cambodia, the second-fastest growing economy in Southeast Asia? This makes Cambodia one of the best countries for real estate investment. Even during economic downtimes, the real estate and businesses in Cambodia were doing fantastic. It has successfully passed the recessions of the 2000s and 2008.
Why is Cambodia best for real estate investment?
Top Cambodia cities like Phnom Penh, Sihanoukville, and Siem Reap are great places for the property market. Here are the main reasons why Cambodia is a good country for real estate investment:
One of the fastest-growing countries
You don’t want to invest your hard-earned money in the country where there is slow growth, right? For faster and better returns, you will always consider investing in the country, which provides the best returns in the minimum time period. Talking about Cambodia, it grew from a 3rd world country to a frontier market in the last 20 years. It is the 6th fastest growing country in the world. The economic growth of Cambodia sustained an average of 7% in the previous ten years.
Rising land prices
The land prices in Cambodia are continually increasing. The country’s land prices are increasing stable ever since the passing of legislation on foreign property ownership in 2010. For someone looking to invest in Cambodia, real estate can expect good returns.
To buy a property in Cambodia, having Cambodian citizenship isn’t mandatory. A foreigner can invest in Cambodia property under some restrictions. It includes some restrictions like foreigners cannot buy any property on the ground level. A foreigner can only own the 2nd level or higher to a maximum of 70% of a condo building.
US Dollar economy
The majority of foreign investors show interest in real estate in Cambodia because it is a US Dollar economy. Although Cambodian Riel is the official currency of Cambodia, the US dollars are used on daily transactions in the country.
Hiring an experienced agent can help you find the property of preferred size, location, and budget. Whether you want to buy an apartment, condominium, residential property, commercial space, or any other property, Dragon Real Estate can help you. At Dragon Real Estate, we help property buyers get the best prices for their assets and sellers the perfect property.