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Purchasing Real Estate In Cambodia
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After the 2008-2009 property crash, the Cambodian government introduced a number of initiatives to kick-start the property market.
One of them was the liberalization of ownership laws in 2010—allowing foreigners to own, for the first time, apartments and condo units (with the exclusion of land or the ground floor of any building).
Reviewed By Kathleen Peddicord
Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
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The move worked and the real estate sector took off with tax revenues in the first half of 2013 showing an estimated growth of 70% compared to the same period in 2012.
Despite the growth, prices are still low. In large part, this is due to rock bottom land prices.
Despite these laws, for the determined investor, it is possible to buy just about anything. Use the right legal mechanisms and foreigners can completely control the purchase, sale, and use of most types of property.
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Reviewed By Kathleen Peddicord
Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.
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Foreigners can purchase property in Cambodia, but they must know the specific types they can own and the restrictions involved. They are permitted to own condominiums and offices that have a strata title, which is a form of ownership established in 2010 for condominium projects.
Cambodia offers a low cost of living, but the quality of life is quite high. As a result, more retirees and expats are deciding to live in this country each year.
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