In this article, we will look at how you can invest in Cambodian property at a fantastic price. The first piece of advice when considering buying a piece of land in Cambodia is that you do not need bank loans. Most international buyers have found that they can get cheap deals on the open market, but as property prices are always fluctuating the open market is a minefield.
You will probably find a better solution for financing your investment in properties than banks offer. We will look at this further in an upcoming post. The monthly rents of private housing have dropped since the ’90s and this has had a positive impact on the Cambodian real estate market. Rental prices in Phnom Phen have also dropped, and the rental incomes of families with children have risen. This has led to a boom in the construction industry, and the construction boom means more job opportunities.
Tourism has also played a large part in the change in the Cambodian real estate market. Tourists looking for a great holiday getaway have been flooding the country, and with their money comes an increase in job opportunities. Another great way to invest in cambodia property is through the construction industry. Many large international construction companies have headquarters in Phnom Phen, the capital of Cambodia.
The labor costs in South East Asia are amongst the lowest in the world, and this factor has attracted much direct investment and tourism companies to set up a base in Phnom Phen. A lot of these projects have been successful, and over the last few years, construction companies have shown an increasing demand for labor in Cambodia. It is this high level of interest from international construction investors that have made the Cambodia real estate market so attractive to local businessmen.
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