Housing Market in Cambodia
Housing Market in Cambodia
Hi this is my first post so please be gentle. (Have seen some sarcastic replies). Looking to settle in Cambodia this year after 5 years of visiting on average of 3 months per year.
My questions are:
As I’m Barang I’m looking at PP, Kep, or Kampot. Can any one advise on land / house price comparisons?
Secondly my Khmer friends all suggest buying land and then have house built as it’s much cheaper, again any opinions or experiences much appreciated.
Thanks Roy
My questions are:
As I’m Barang I’m looking at PP, Kep, or Kampot. Can any one advise on land / house price comparisons?
Secondly my Khmer friends all suggest buying land and then have house built as it’s much cheaper, again any opinions or experiences much appreciated.
Thanks Roy
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Clutch Cargo
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Re: Housing Market in Cambodia
Welcome to CEO Goodyear. 
Your khmer friends are probably right however foreigners cannot own land.
Your khmer friends are probably right however foreigners cannot own land.
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Duncan
- Sir Duncan
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Re: Housing Market in Cambodia
Just like this poster topic26869.html you will be ripping your hair out and in a mental institution by the time your house is finished.
I go with the idea of buying something that is already built,,,, where you can see the faults and change them at a later date.
I go with the idea of buying something that is already built,,,, where you can see the faults and change them at a later date.
Cambodia,,,, Don't fall in love with her.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Like the spoilt child she is, she will not be happy till she destroys herself from within and breaks your heart.
Re: Housing Market in Cambodia
OP, just rent.
You can't own a house, so why pay a premium for a dream? Just pay your rent.
You can't own a house, so why pay a premium for a dream? Just pay your rent.
Re: Housing Market in Cambodia
buy established
less than 20 years old
get a licensed land broker that will accept all responsibility if it turns out to be a fake documents scam
less than 20 years old
get a licensed land broker that will accept all responsibility if it turns out to be a fake documents scam
thru shit to more shit
Re: Housing Market in Cambodia
Goodyear it is possible to own property here via a variety of mechanisms with more or less security depending on which you choose (with security usually being proportional to the cost of the method you choose).
Most important is your budget. That will determine what your options are. If less than $100k then probably a condo with strata title is your best bet. If unlimited then probably citizenship and a plot of land near the city or by the water in kep or kampot. If something in between then there are various options for achieving that too
Be aware though that cheap land is hard to find in any of the locations you mention unless you go outside of the city
Most important is your budget. That will determine what your options are. If less than $100k then probably a condo with strata title is your best bet. If unlimited then probably citizenship and a plot of land near the city or by the water in kep or kampot. If something in between then there are various options for achieving that too
Be aware though that cheap land is hard to find in any of the locations you mention unless you go outside of the city
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phuketrichard
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Re: Housing Market in Cambodia
why buy land, (which cant be in ur name) and build a house in a country you have no family ties too?
$300 /month rent x 10 years is a lot less than buying land in someone else's name and building a house
$300 /month rent x 10 years is a lot less than buying land in someone else's name and building a house
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
Re: Housing Market in Cambodia
If you buy land or a house, there is a 99% chance you will be scammed or lose money.
There are a thousand ways to scam people. I will mention a few.
The asking price will be much higher for Barang. Barang who bought property will tell you, in the early days they paid too much.
You build a house, the prices will be much higher for a Barang.
You put it in your girlfriends name and at some time she leaves you and takes it.
There are some fake sales. You think you are buying the property, when it actually belongs to someone else.
Real estate prices in Cambodia are now higher than in Australia.
In years to come, when you go to sell it, nobody will pay a decent price, so you have to sell it cheap.
Somebody bought some land. They paid 17,000. The seller got 7,000. !0,000 was commission.
Your Cambodian friends are probably thinking how they can get some money out of it. If they introduce you to the agent, they will get a secret commission. If they introduce you to the builder, or are involved in building they will get money out of it.
Many Cambodians who you think are genuine friends, will scam you.
There are a thousand ways to scam people. I will mention a few.
The asking price will be much higher for Barang. Barang who bought property will tell you, in the early days they paid too much.
You build a house, the prices will be much higher for a Barang.
You put it in your girlfriends name and at some time she leaves you and takes it.
There are some fake sales. You think you are buying the property, when it actually belongs to someone else.
Real estate prices in Cambodia are now higher than in Australia.
In years to come, when you go to sell it, nobody will pay a decent price, so you have to sell it cheap.
Somebody bought some land. They paid 17,000. The seller got 7,000. !0,000 was commission.
Your Cambodian friends are probably thinking how they can get some money out of it. If they introduce you to the agent, they will get a secret commission. If they introduce you to the builder, or are involved in building they will get money out of it.
Many Cambodians who you think are genuine friends, will scam you.
## I thought I knew all the answers, but they changed all the questions. ##
Re: Housing Market in Cambodia
If you really want to buy property, learn Khmer, and ask Cambodian people how much they paid for their property.
In Sihanoukville, a few years ago, before the Chinese invasion, I know a couple of Cambodians who bought land for around $10,000, and built houses for around $10,000. Some people were asking $100,000 for houses.
In Sihanoukville, a few years ago, before the Chinese invasion, I know a couple of Cambodians who bought land for around $10,000, and built houses for around $10,000. Some people were asking $100,000 for houses.
## I thought I knew all the answers, but they changed all the questions. ##
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John Bingham
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Re: Housing Market in Cambodia
Where are you getting this 99% from? Out of maybe 50 foreigners I know who have bought property I can only think of only 2 or 3 who lost out, and one was more through his own idiocy than anyone else's.explorer wrote: ↑Wed Feb 20, 2019 11:08 pm If you buy land or a house, there is a 99% chance you will be scammed or lose money.
There are a thousand ways to scam people. I will mention a few.
The asking price will be much higher for Barang. Barang who bought property will tell you, in the early days they paid too much.
You build a house, the prices will be much higher for a Barang.
You put it in your girlfriends name and at some time she leaves you and takes it.
There are some fake sales. You think you are buying the property, when it actually belongs to someone else.
Real estate prices in Cambodia are now higher than in Australia.
In years to come, when you go to sell it, nobody will pay a decent price, so you have to sell it cheap.
Somebody bought some land. They paid 17,000. The seller got 7,000. !0,000 was commission.
Your Cambodian friends are probably thinking how they can get some money out of it. If they introduce you to the agent, they will get a secret commission. If they introduce you to the builder, or are involved in building they will get money out of it.
Many Cambodians who you think are genuine friends, will scam you.
You seem to be getting prematurely jaded, when you start to think everyone is out to get you it's probably time to move country. Learning Khmer won't help.
Silence, exile, and cunning.
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