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). 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.
Cambodia is quickly coming of age on the Southeast Asian tourism scene, enjoying annual double-digit increases in international tourist arrivals...Read more
Religious history and stunning architecture draw many people to the Kingdom of Cambodia. Covering 70,000 square miles with a population of 15 million people, this compact country is best known for Angkor Wat Architectural Park, dense jungles, and beautiful white-sand beaches. The frenetic capital city of Phenom Penh provides the country’s most cosmopolitan experience, but like all large cities, it also experienced more crime, traffic, and congestion. Also, in addition to common safety issues, if you are aware of the...Read more