How to deal with changeable property market？ Follow the policy trend

The tightness of policy regulation is closely related to the development of the real estate industry, and will also directly affect the real estate market. The favorable property market policies are more suitable for real estate investment. Therefore, it is important to choose a relatively loose investment environment for the property market policy.

Cambodia currently has very loose control over the property market, which is very beneficial to developers and buyers.

Cambodia strongly supports the development of the real estate industry, which is good for investors

Cambodia is in the early stages of urbanization. From the perspective of urban construction, Cambodia urgently needs to change the current urban style. Modern communities will gradually replace traditional townhouses. The real estate industry is also ushering in a period of development, especially in key cities such as Phnom Penh and Sihanoukvile. Investment is bullish and the property market is extremely dynamic. In the process of urbanization, increasing market demand is inevitable. Cambodia's population is young and its economy is developing rapidly. In the future, a large group of people in need will buy real estate. Investment in real estate in Cambodia also has great potential.

Furthermore, Cambodia is now very dependent on the real estate industry to drive economic growth, and the government vigorously supports the development of the construction and real estate industries. From 2000 to 2019, Cambodia approved 48,844 construction investment projects across the country, with a construction area of 137 million square meters and a total investment of 53.119 billion US dollars. Just in 2019, the total investment in Cambodia's construction industry was 11.437 billion U.S. dollars, an increase of 98.73% from 5.755 billion U.S. dollars in the same period of 2018. A total of 4,888 construction investment projects were approved throughout the year, with a construction area of 23.257 million square meters. This shows that Cambodia's real estate industry is in an upward phase.

From the perspective of buyers, the Cambodian property market policy is also conducive to buying housing

The Cambodian government very welcomes foreigners to invest in housing, except land, villas and houses on the ground floor, all other properties can be purchased without restriction and buyer enjoy freehold property rights.

In terms of taxes and fees, Cambodia only needs to pay 4% of deed tax (housing transaction tax) and 0.1% of real estate tax on buying and selling real estate in Cambodia. The taxes are affordable, which is conducive to investment.

In general, it is more secure to follow the policy to buy a house, and the timing must be grasped. Cambodia is very supportive of the development of the real estate industry, and there are fewer control measures in the property market, which is a great benefit for the newly-needed people and investor.