Is there a limit to buying a house in Cambodia?
Hello! Buying a house in Cambodia is unlimited and has permanent property rights.
How much is the deposit for buying a house in Cambodia?
Hello! In Cambodia, after selecting a house, you'll have to pay some amount of deposit , usuall, it's $3,000.
How much down paymentis needed for buying a new house in Cambodia?
Hello! Cambodia supports installment payment, and the down payment is usually 10%-30%, but the policies of each project are different, and there are also projects that support 0% down payment.
Can i apply for a loan from the developer to buy a new house in Cambodia?
Hello! Some developers in Cambodia also provide loans. The process is easier, But interest rates are quite high. the interest rate is similar to some Chinese and local banks, about 9%-10%. and can only loan 40 -50%. However, some bank interest rates are lower than 9%. The return on investment from loan with developer is relatively small. Also, if taking out a loan this way, it's a good idea to do your research on the development company you're looking to buy from. However, in order to save time, effort and financial security, bank loan is the best option.
Can foreigners buy a property Cambodia?
Hello! Foreigners can buy Cambodian property, but there are restriction, Foreigners can only buy property rights above the second floor of high-rise buildings in Cambodia (with passports, visas, residence permits or employment permits, etc.), If you want to buy a landed property in Cambodia, you can consider these several methods: have a nominee, established a land investment company, become a Cambodian citizen (applying for naturalization/marry a Cambodian citizen/by donating to the Cambodian government), using trust services, 50-year land lease contract , 50-year concession .
What taxes do I have to pay when buying a house in Cambodia?
Hello! there are 4 kind of tax for real estate in Cambodia: 1. Stamp Duty: A tax paid to establish ownership of property. It is used for the transfer of property rights after signing the sales contract and payment. The tax rate is 4%, and the buyer is responsible for paying the tax; 2. Property tax: A tax need to pay on real estate valued at more than 100 million riel or US$25,000 (exchange rate US$1 = 4,000 riel), at a rate of 0.1% per annum, and the owner of the property is responsible for paying the tax; 3. Capital Gains Tax: A tax that must be paid to the state on every real estate transaction, the tax rate is 20%, and the seller is responsible for paying the tax (starting in 2024); 4.Rental income tax: 10%-14% of annual income, the landlord is responsible for paying the tax, locals need to pay 10% , while foreigners need to pay up to 14% annually on the income they earn from rental properties in Cambodia.
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