Buying land in Cambodia?
-
- Expatriate
- Posts: 60
- Joined: Sat May 26, 2018 8:06 am
- Reputation: 18
Buying land in Cambodia?
Can foreigners buy land in Cambodia? My wife and I are both foreigners. We are looking to buy a simple house with some land in Cambodia. Is this allowed?
- Artful Dodger
- Expatriate
- Posts: 527
- Joined: Thu Apr 12, 2018 6:17 am
- Reputation: 153
- Location: Cambodia and Vietnam
Re: Buying land in Cambodia?
Google might have been a better way to find your answer....
https://www.realestate.com.kh/news/can- ... -cambodia/
So many people ask can foreigners own land in Cambodia... Although the short answer to this is a very simple no, there are plenty of effective ways to control land in Cambodia for your business or personal use.
Are you a foreigner who wants to buy or lease land in Cambodia? If yes, here are some handy advice you need to read! Realestate.com.kh has put together an informative article to show you exactly how you can buy or lease land in Cambodia as a barrang, and the legal precautions you must follow if your venture is to be a success into the future. It’s not all smooth sailing though, and we advise seeking professional legal counsel for any such transaction. But, at least this article is a good start!
Broadly, under Article 44 of the Constitution, foreigners cannot own land in Cambodia. However, foreigners can establish control over land several ways: Buying land through a local company; by leasing land; by attaining Cambodian citizenship; or by buying land through a Cambodian nominee (note: this one is actually outlawed by the constitution).
https://www.realestate.com.kh/news/how- ... oreigners/
https://www.realestate.com.kh/news/can- ... -cambodia/
So many people ask can foreigners own land in Cambodia... Although the short answer to this is a very simple no, there are plenty of effective ways to control land in Cambodia for your business or personal use.
Are you a foreigner who wants to buy or lease land in Cambodia? If yes, here are some handy advice you need to read! Realestate.com.kh has put together an informative article to show you exactly how you can buy or lease land in Cambodia as a barrang, and the legal precautions you must follow if your venture is to be a success into the future. It’s not all smooth sailing though, and we advise seeking professional legal counsel for any such transaction. But, at least this article is a good start!
Broadly, under Article 44 of the Constitution, foreigners cannot own land in Cambodia. However, foreigners can establish control over land several ways: Buying land through a local company; by leasing land; by attaining Cambodian citizenship; or by buying land through a Cambodian nominee (note: this one is actually outlawed by the constitution).
https://www.realestate.com.kh/news/how- ... oreigners/
Water quenches the thirst, alcohol releases the truth.
Re: Buying land in Cambodia?
The short answer is you will never be able to get a land title that has your name on it, as long as you aren't a Cambodian citizen.Daum Penh Stalker wrote: ↑Tue Jul 24, 2018 8:29 am Can foreigners buy land in Cambodia? My wife and I are both foreigners. We are looking to buy a simple house with some land in Cambodia. Is this allowed?
Re: Buying land in Cambodia?
Be aware, most foreigners get scammed when buying land in Cambodia.
I heard of one sale where the buyer paid $17,000, the seller got $7,000, and $10,000 was commission.
It is often just a case of asking a much higher price when a foreigner is interested.
Talk to people who have bought land.
I heard of one sale where the buyer paid $17,000, the seller got $7,000, and $10,000 was commission.
It is often just a case of asking a much higher price when a foreigner is interested.
Talk to people who have bought land.
## I thought I knew all the answers, but they changed all the questions. ##
-
- Expatriate
- Posts: 13458
- Joined: Wed May 28, 2014 11:37 pm
- Reputation: 3974
Re: Buying land in Cambodia?
Does anyone know anything about long term land leases ? We've seen in Sihanoukville that short term property leases are worth diddlysquat. If the owner wants you out then you leave. Is there any more security in a long term lease with firm conditions, or is it all at your risks and perils ? Is there any 'real' legal security ?
What if you sign a long term lease on some land and the owner dies, for example, or goes bankrupt ? Do the terms change? Or what happens if he'/she gets really really greedy, because land values have increased overnight, and he/she wants to sell the land ?
Also, if anyone has any insights on buying land as opposed to renting long-term, I'd be interested in hearing what they have to say. Or if you have a long-term lease, how has that worked out for you ?
What if you sign a long term lease on some land and the owner dies, for example, or goes bankrupt ? Do the terms change? Or what happens if he'/she gets really really greedy, because land values have increased overnight, and he/she wants to sell the land ?
Also, if anyone has any insights on buying land as opposed to renting long-term, I'd be interested in hearing what they have to say. Or if you have a long-term lease, how has that worked out for you ?
Re: Buying land in Cambodia?
If you need help with land purchase as a foreigner you can drop me a pm. I have plenty of experience in the field.
-
- Expatriate
- Posts: 161
- Joined: Fri Jun 22, 2018 1:15 pm
- Reputation: 34
Re: Buying land in Cambodia?
I’ve been here for many years and the only barang I’ve heard get scammed was by their bar girl “wives”.explorer wrote: ↑Tue Jul 24, 2018 10:47 pm Be aware, most foreigners get scammed when buying land in Cambodia.
I heard of one sale where the buyer paid $17,000, the seller got $7,000, and $10,000 was commission.
It is often just a case of asking a much higher price when a foreigner is interested.
Talk to people who have bought land.
The example above. If they wanted to pay that price for the land, which I assuming they did because they bought it, then how is that a scam? Surely the seller got scammed by the fixer.
Matters not where the money was divvied up.
Re: Buying land in Cambodia?
Yesterday I found out my ladies mother was getting payment in rice per year for the use of about half a hector. The equivalent $25 is paid per year.
I offered the mother and family $200 per year rent for the same land. The results where unbelievable to me when they just laughed at the offer.
I offered the mother and family $200 per year rent for the same land. The results where unbelievable to me when they just laughed at the offer.
Always "hope" but never "expect".
-
- Similar Topics
- Replies
- Views
- Last post
-
- 51 Replies
- 13445 Views
-
Last post by Fridaywithmateo
-
- 10 Replies
- 2780 Views
-
Last post by GMJS-CEO
-
- 0 Replies
- 3295 Views
-
Last post by CEOCambodiaNews
-
- 7 Replies
- 4977 Views
-
Last post by mannanman
-
- 2 Replies
- 1226 Views
-
Last post by beaker
-
- 3 Replies
- 1750 Views
-
Last post by phuketrichard
-
- 29 Replies
- 4134 Views
-
Last post by Jerry Atrick
Who is online
Users browsing this forum: Ahrefs [Bot], Bing [Bot], Google [Bot], Khmu Nation, Majestic-12 [Bot] and 1310 guests