Cambodia: Land of Opportunity?

If you’re looking to invest in foreign property, Cambodia might not be the first place that springs to mind – but perhaps it should. According to some property experts, this south-east Asian country could have a lot to offer the discerning investor.

Cambodia is regarded as one of the world’s emerging property markets. This means that interest in property is beginning to grow and is showing signs of great potential, but it’s still at the early stages and prices still reflect this. A one to two bedroomed property in the popular French Quarter of the capital city of Phnom Penh, for example, costs from as little as £29,150.

Over the past 40 years, there have been many changes in Cambodia, not least a massive increase in the population. The political situation has stabilised, the economy is already doing well with the aid of foreign investment and tourism in Cambodia is increasing. In fact, predictions suggest that by the year 2010, there will be over three million tourists a year visiting the country and providing an annual income of $2.35 billion USD.

There are international airports at Phnom Penh and Siem Reap and a new international airport is underway at Sihanoukville, which is expected to boost tourism even further.

For savvy buyers, there are already good rental opportunities in the capital city and, if the early indications prove correct, there could be profits to be made.