27 March 2014
A property expert and
investor in the construction sector says that home prices have increased
between 10 and 20% this year compared to last year. Khmer Real Estate said that
demand for property in boreys is healthy. Most homebuyers bought properties for
personal use rather than for speculative reasons.
According to Cambodia’s
demographics, around nine million people are under 35 and it means that demand
for residential property will continue to increase as young people marry and
have children, thus it makes sense for people to buy early as property prices
are going up by 10 to 20% on an annual basis.
Prices for apartments
and villas have increased, while prices for condominiums remained stable or
slumped due to oversupply. Newly introduced bus services could boost land
prices on the outskirts of town by making commuting easier and more affordable.
Source:
http://www.phnompenhpost.com/real-estate/residential-property-prices-see-steady-growth
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