Real estate is a lucrative business, and finding a real estate agent in Cambodia doesn’t have to be an impossible task.  To find a decent property for sale or Cambodia house for sale, a real estate agent should be consulted.

A real estate agent is a licensed professional who arranges the selling, renting or management of homes, lands, and buildings for the owners.

Cambodia is a small nation in Asia with a population of 16 million and has a history of high growth which in decades is yet to slow down. The prices of properties in Cambodia is on the rise as it is opening up for business and undergoing rapid property development.

Buying property in Cambodia

There aren’t a lot of cities where one can buy prime property for low prices in Cambodia. There are a lot of condominiums popping up in the previous years. A greater foreign investment doesn’t immediately lead to higher property prices and with the rise in population in Cambodia, this will soon become the case.

What to consider when looking for property in Cambodia

Look for foreclosed property

Foreclosure occurs when a person faults on paying the mortgage on the property for a long period of time forcing the lender to repossess the property. It is then put back on the market.

In Cambodia, one can get a great deal on foreclosed properties, as banks often prefer to make money and not manage properties or houses. Going for a foreclosed property will get you a good deal.

Make your offer noticeable

You can do this by either being the first or the last person to make an offer on a property. This will give you an advantage over others.

Alternatively, you can look for properties that have been on the market for a long time because they are most likely to be sold at a discount.

Why you should consider buying property in Cambodia

  • The markets are among the top emerging markets in Southeast Asia and they are very friendly.
  • It is possible to renovate and flip properties in the area. There are a lot of properties in Cambodia that needs to be fixed.
  • Increase in tourism is a major economic boost.
  • There are a lot of international business groups moving into the country an with that there is increased need for office spaces and such.
  • It is a chance to invest in a foreign country for non-nationals.