Compass Real Estate > Cambodia Investment Guides > Analysis for purchase housing.

Analysis for purchase housing.

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2019-08-22

Summary：It is not complicated to purchase housing in Cambodia, however, we still need to pay attention to details.

Cambodia's housing purchase process is not complicated, but because of the risks of overseas home ownership, many details can not be ignored. What are the specific procedures for foreigners to buy houses in Cambodia?
1. if you determine to buy a house, select housing, and pay for deposit.
2. Sign a book agreement with a passport to determine the payment scheme. Developers will generally provide a variety of payment schemes.
3. Payment of down payment, generally speaking, the higher the proportion of down payment, the greater the discount, and then pay in installments according to the agreed time.
4. Signing purchase contracts and supplementary agreements with developers (deciding whether to invite lawyers to act as third-party notaries according to needs).
5. Pay the final payment when the project is completed.
6. Delivery and inspection.
7. Sign a delivery agreement and pay one-thousandth of the annual property tax after the delivery of the house.
8. For hard cards, the tax and fee is 4%, and the processing period is about 3-6 months (according to the market evaluation price,it will not be the price negotiated in contract, you can be entrusted to lawyers and related institutions for handling).

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