Cambodia's capital city, Phnom Penh, is home to between 2 and 3 million Cambodians as well as the vast majority of the country's foreign residents. Some see Phnom Penh as a soulless jumble of crumbling colonial structures and towering architectural monstrosities, while expatriates who call it home see it as a dynamic, historical, and exciting city.
While investing in residential property might yield relatively significant annual returns, there are several drawbacks to be aware of before making a decision.
The global financial crisis caused a 40% drop in property values between 2009 and 2010. In 2011, the property market began to rebound, aided by robust economic growth and the passage of a new foreign ownership rule.
If you plan on staying in Cambodia for more than a few months, you will probably want to rent a place to call your own. This is particularly true for foreigners, who cannot easily own land.
kh@compass100.com
https://www.compass.com.kh
No.106, St.271, Toul Tumpong 2,Chomkamon,Phnom Penh,Cambodia
