Good time to rent cost-effective housing,$500 you can live in center of Phnom Penh

Cambodia's economic development is relatively backward, due to its colonization and a large number of foreigners living here, Cambodia still exists many French style buildings and Cambodian still keep French living habits, and the living environment is very casual. Coupled with Cambodia's young population and English communication, the capital- Phnom Penh is home to a large number of foreign companies and foreigners, daily life in Phnom Penh is very international and modern.

Cambodia is also characterized by high grocery prices. Although Cambodia has its riel currency, most transactions in daily life in Cambodia are denominated in U.S dollars. In addition, Cambodia is extremely dependent on imports and prices are quite high. House rental are comparable to China's first-tier cities, let us leave alone core area. At present, the rental increase in Phnom Penh has reached 16.7%, the rental yield has reached about 6.5%, rental still remain high price.

Although rental are high,but it has not affected the rental market of Cambodia. There are a large number of foreigners who living in the major cities of Cambodia, and the number of migrant workers is increasing. The demand for renting houses is still relatively thriving, especially in Phnom Penh, where the apartment demand in the core area exceeds the supply. 

Finding a cost-effective house has become an urgent need for many people. In 2020, Compass has updated massive new property listings. There are plenty of good& low-cost house. Rental within $ 500 you can live in the core area of Phnom Penh. Let us browse through Compass website.