Compass Real Estate > Cambodia Real Estate Information > Will the COVID-19 affect land prices? Pay attention to these quality land in advance!

Will the COVID-19 affect land prices? Pay attention to these quality land in advance!

2020-04-01
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Summary:After the economic construction is on the right track, the land market will recover gradually, and the most valuable is still the land in the core district and the potential land in the sub-core area.

Since the outbreak of the COVID-19 pandemic, many economic sectors in Cambodia have been hit severely, and the real estate market has also become quiet. As theCOVID-19 has not been well controlled, it is still unknown when Cambodia's economy will recover. If economic construction continues to be affected, popular land market may be affected.

Cambodia is an emerging real estate market. With overseas investment advantage, Cambodia's housing prices have increased rapidly in a short time. Phnom Penh's housing prices have soared 16.7% a year, which is remarkable increase in the world. The booming real estate market has also driven the development of the land market. Real estate developers, manufacturers and land investors have invested in land in potential areas. The land in the core business district of Phnom Penh has been sold out, and the land price in the BKK area is basically above $ 5,000. Judging from the scarcity of land in the core district, the prospect of the land market is improving. COVID-19 may be the first shock to the Cambodia land market in recent years.

The extent to which the land market is affected by the pandemic is immeasurable, but because economic development is blocked, land investment will also enter a cooling period. After the economic construction return on the right track, the land market will slowly recover, and the most valuable is still the land in the core business district and the potential land in the sub-core area. If you are interested in land, the high-quality potential land in Phnom Penh and Sihanoukvile is worth a look./public/uploads/us/image/20200401/1585726874342904.png/public/uploads/us/image/20200401/1585726896744161.png/public/uploads/us/image/20200401/1585726919457448.png

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