Buy soft-title apartment in PP
-
- Tourist
- Posts: 7
- Joined: Sat Apr 03, 2021 3:00 pm
- Reputation: 3
Re: Buy soft-title apartment in PP
You are right, inflation is lower than I thought. Other than that, I am not sure why you think I would go all in at the top of the market. I expect to get the place significantly below market. because of corona and also because I know the landlord's situation at least partially.armchairlawyer wrote: ↑Sun Apr 04, 2021 8:04 pmWhat do you call high?rabbit_ear wrote: ↑Sun Apr 04, 2021 5:09 pm
And sure on the reward side we all have very different expectations. For myself I see good opportunity. Inflation is high here so I would not be surprised to see overall price level double in 10-15 years, real-estate even more. PP won’t be the same then, but it’s easier to accept change here if it positively affects my own bottom line. As for the timing, it looks like a good opportunity. There is fear here now, masks, curfew… I’m not judging, just observing. Covid doesn’t seem to go away from people’s perceptions. Times of fear and panic is usually a good time to buy, if you believe in the asset.
Inflation in Cambodia in 2020 was 2.54%. In 2019 it was 2.01%.
Real estate prices generally fell in 2020.
The only good prospect for real estate price increases for the foreseeable future would be land in the provinces, bought at the right price.
As for trusting in the long-term reputation of a real estate agent, what could possibly go wrong?
It's a common investment mistake to miss opportunities at market lows and then to go all in at the top of the market.
If you have a good Khmer lady you can trust (like Kammekor) I would say do it regardless but without that, no.
If you do go ahead, trust in a good lawyer as opposed to an agent.
But I'm not married to the purchase either. I'm just doing due diligence, here and also from other sources, a lawyer being one of them. I am also in no rush. I try to understand the situation as good as I can, so that I know what I will be negotiating for with the landlord when the time comes.
If the price doesn't balance out the risk for me, I'll move on and no harm done.
- Bitte_Kein_Lexus
- Expatriate
- Posts: 4421
- Joined: Sun May 18, 2014 7:32 pm
- Reputation: 1325
Re: Buy soft-title apartment in PP
Whenever there's a thread about buying land/property, you get one or two people who chime in with actual experience, and twenty who have none but want to tell you how/why not etc. Hilarious.
Ex Bitteeinbit/LexusSchmexus
-
- Tourist
- Posts: 7
- Joined: Sat Apr 03, 2021 3:00 pm
- Reputation: 3
Re: Buy soft-title apartment in PP
Speaking of which, you mentioned you sold a property to a foreigner not so long ago. Can I ask how you did that? Or maybe I just pm you if that's ok.Bitte_Kein_Lexus wrote: ↑Wed Apr 07, 2021 6:33 am Whenever there's a thread about buying land/property, you get one or two people who chime in with actual experience, and twenty who have none but want to tell you how/why not etc. Hilarious.
- Grand Barong
- Expatriate
- Posts: 787
- Joined: Mon Feb 08, 2021 6:49 pm
- Reputation: 623
- Location: QLD
Re: Buy soft-title apartment in PP
"There are as many opinions as their are experts" Franklin D RooseveltBitte_Kein_Lexus wrote: ↑Wed Apr 07, 2021 6:33 am Whenever there's a thread about buying land/property, you get one or two people who chime in with actual experience, and twenty who have none but want to tell you how/why not etc. Hilarious.
-
- Expatriate
- Posts: 760
- Joined: Sun Mar 04, 2018 1:43 pm
- Reputation: 142
Re: Buy soft-title apartment in PP
I knew some one who did it years ago using a company structure. Otherwise you could hit str 136 and take your chances there.
- truffledog
- Expatriate
- Posts: 1662
- Joined: Sat Mar 07, 2020 4:54 am
- Reputation: 1030
Re: Buy soft-title apartment in PP
1) Many expats probably lack the funds to even consider "buying" in any form possibleBitte_Kein_Lexus wrote: ↑Wed Apr 07, 2021 6:33 am Whenever there's a thread about buying land/property, you get one or two people who chime in with actual experience, and twenty who have none but want to tell you how/why not etc. Hilarious.
2) Most of us have come to Cambodia by travelling and consider Cambodia just a stopover only and the base of choice for THE ACTUAL MOMENT BEEING. Such people wuold never by any property as it means "setting an anchor" that binds you. Those people are always "ready to move" if the conditions change.
3) Many people have witnessed fuckups of any kind related to buying property in a asian country and therefore strongly advise against any purchase of property. I personally witnessed quite a few in different countries and have become very adverse in regards of investing in property. The a´last thing I would do.
work is for people who cant find truffles
-
- Expatriate
- Posts: 192
- Joined: Thu May 07, 2020 3:49 pm
- Reputation: 110
Re: Buy soft-title apartment in PP
Wise words, as with all investments, timing is critical, the best time to invest in property in SE Asia was between 1995 and 2007 The time to sell was 2010 to 2019. Of course this is only easy to see in hindsight
and I am generalising. Now is time to wait, as long ad the covid restrictions are strangling the economy, and lending rates are so high, prices are headed down.
and I am generalising. Now is time to wait, as long ad the covid restrictions are strangling the economy, and lending rates are so high, prices are headed down.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 8 Replies
- 1740 Views
-
Last post by Kammekor
-
- 9 Replies
- 2409 Views
-
Last post by Bitte_Kein_Lexus
-
- 0 Replies
- 393 Views
-
Last post by Yobbo
-
- 5 Replies
- 2350 Views
-
Last post by jaynewcastle
Who is online
Users browsing this forum: Doc67, drozd, Freightdog, Ong Tay, Yerg and 631 guests