Compass Real Estate > Cambodia Real Estate Information > Real estate experts: Land prices this year have grown by an average of 3%

Real estate experts: Land prices this year have grown by an average of 3%

Summary:development activities in the area have just begun, but the price of land has risen above such expectations he said This can also be a deterrent to development.However, I am still optimistic about this region because it is an international gateway with good infrastructure, he said. Especially specially with Phnom Penh.

International real estate experts claim that according to the survey, land prices this year reached 3% by the end of the first quarter of this year.

 The country land price this year is still positive, with the growth rate rising by an average of 3 percent, said Cambodia Country Director  An Sothyda.  But it does not mean that the whole region has increased. some area have climbed higher, especially in suburban areas, due to the expansion of the government infrastructure, the increasing demographics and the expansion of investor development projects Various.

"Over the last decade, land prices in Cambodia have grown by an average of 7 per cent, a good increase, but in the coming years, the forecasts are still good," she said.

Chairman of the Association of Real Estate of Cambodia, Kang Puthy said on the same day that in early 2019, he saw signs of positive signs because of the land purchase and sales of big cities in Phnom Penh. Great signs, especially in real estate deals, continue to grow, so 2019 is a good year for real estate investment.

"What I see in early 2019 is that land developers are starting to build affordable housing, which to allows companies to be more affordable" he said. "The growth of the sector will continue for a long time as long as our economy continues to have more positive signs and growth better " he said.

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