Compass Real Estate > Cambodia Real Estate Information > What should we pay attention to when we purchase housing in Cambodia? These details cannot be ignored, especially for retirement purpose.

What should we pay attention to when we purchase housing in Cambodia? These details cannot be ignored, especially for retirement purpose.

2020-02-26
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Summary:As a popular destination of residence for retired elderly people in the world, more and more foreigners are choose Cambodia.

The overseas retirement website published the ranking of the world's cheapest retirement place in 2019, and Cambodia ranked first for 4 consecutive years, becoming the lowest cost of living place in the eyes of foreigners.

In recent years, with the rapid development of Cambodia's economy, although the cost of living is not cheap, for most Westerners, Cambodia's prices are still relatively cheap and home life is relatively comfortable. In addition, Cambodia has a pleasant climate, a good social environment, and a guaranteed level of basic medical services, making Cambodia an ideal place for retired elderly people to rest.

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According to the latest census report of the Ministry of the Interior of Cambodia, there are currently 182,673 foreign immigrants in Cambodia, a great number of foreigners who have migrated to Cambodia for the purpose of retirement. Cambodia is a popular retirement destination for retired elderly people in the world. So, what are the advantages of Cambodia as retirement destination?

First. Advantages of purchase housing for retirement in Cambodia

1. The climate is pleasant, and the small temperature difference is conducive to combating chronic disease.

The average annual temperature in Cambodia is 24 ° C to 32 ° C. A small temperature difference is conducive to combating chronic diseases and can effectively prevent high-frequency diseases such as cardiovascular, cerebrovascular, respiratory system and skeletal joints caused by low temperature.

2. Social stability, friendly people, leisure lifestyle

Cambodia is a country with a flourishing Buddhist culture, social stability, and friendly people. People are kind, warm and friendly, and easy to get along with. There is basically no problem for foreigners living in Cambodia. Cambodian speaks English and English, and communication in English is generally accessible. Currency payments are mainly in riel and US dollars.

3. The medical level is guaranteed, and the cost of medical treatment is not so expensive

In terms of medical institutions and services, although Cambodia is a developing country, it has been able to ensure basic medical security. Medical personnel in Cambodia have a background of studying abroad and the cost is one quarter of that in Europe.

4. Enjoy special visa policy, multiple-entry visa

Cambodia has introduced a retirement visa policy for foreigners to attract foreign retirees to live in Cambodia for a long time. According to this policy, as long as the applicant has a certain financial ability and has retired in his country, he is eligible for multiple round trip visas in Cambodia within a year

5. Freehold property rights of the apartment, well equipped facilities in the project, comfortable and convenient living

Cambodian law stipulates that foreigners can legally hold a freehold apartment. Elderly people with good health conditions, who still have independent mobility and financial ability, are more willing to buy an apartment to live on their own, and housing prices in Cambodia are affordable. The project is also equipped with facilities such as gymnasium, swimming pool, coffee shop, etc. It is comfortable and convenient to live

Second. Notes on purchase housing for retirement

1. Lighting and ventilation

For the elderly, their environmental requirements are relatively high. First, the elderly are not as physically fit as the young, and are less resistant to external diseases. Lighting and relatively good ventilation are essential for the elderly. Conversely, if you live in a space with insufficient daylight, you may feel depressed

2. Facilities

Facilities are the most important part. The elderly are physically inferior to young people and are not suitable for long-term travel. Therefore, when we choosing residence, we should pay attention to the location of the supermarket. In addition, living facilities must meet the daily consumption needs of the elderly. In addition, hospitals and convenient transportation are also very important

3. Choose a low floor

Although the current high-rise residential elevator is very convenient, but it is inevitable that there will be failures. It is best to choose a lower floor that even if you cannot use elevator in same situation, but stair are still useful.  In addition, low-rise units are relatively quiet

4. Property management services

Overseas retirement housing are usually used by elderly people living alone. Therefore, when we choosing a project, we should also pay attention to the inspection of the property management of the project, because a good property can not only ensure security, but also allow the elderly to enjoy the best community services.

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Disclaimer: The re-forward articles on Compass website are for the purpose of conveying more information, and it does not mean that the Compass website agrees with its views or confirms the authenticity of its content. Article noted as "Source: Compass original", please note that the source from Compass. The content of the article is for reference only and should not consider as investment advice, and it does not mean that Compass agree with its views.

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