The Asian landscape continues to ignite interest from real estate entrepreneurs as countries such as Cambodia continually embark on projects that upgrade the country’s infrastructure and real estate investment opportunities.
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A Surge in Economic Growth
In fact, the country has made great strides over the past several decades. In 1979, when the Khmer Rouge was driven out of the country, the People’s Republic of Kampuchea was established at the time. By 1993, the monarchy had been restored and a parliament was elected, thereby changing the national identity to the Kingdom of Cambodia. Since that time, the country has experienced a surge in recovery and economic growth.
The capital of Cambodia is Phnom Penh, which is a place that is culturally interesting and economically friendly to investors. When you drive through the city, you will note that the hotels and resorts are booming in trade and that the traffic situation ensures an interesting journey, to say the least. Approximately 1.5 million people live in the capital itself and there seems to be that many mopeds on the road as well.
The Cambodian Property Market
All people like their freedom and so do real estate investors, who can choose from a variety of interesting properties. If you are seeking a property for sale in Cambodia, the real estate, like the city’s mopeds, is in good supply. You will see senior citizens on mopeds, families on mopeds, and even individuals taking their naps on mopeds. If you need a default type of transportation, you can always turn to the traditional tuk-tuk. This type of flexibility is also presented by the types of Cambodian real estate that are available online.
In Cambodia, recycling is important. Therefore, street vendors serve fresh cane juice or soft drinks in plastic bags, accompanied by a straw. Also, people’s health, according to statistics, is better than the health of people in the US. For example, cancer rates are half of what they are in the US. Therefore, people in Cambodia, Laos, Myanmar, Malaysia, Vietnam, and Thailand experience a lower rate of cancer-based illnesses.
A Debt-Free Society
In addition, statisticians point out that Cambodians have little in the way of debt. After the ousting of the Khmer Rouge back in 1979, the new government in Cambodia encouraged people to return to their abandoned cities. They provided an added incentive by giving them free housing. Therefore, many people own their home debt-free. Not only that, but locals also operate small businesses out of their homes such as restaurants, moped repair shops, and grocery stores. Local people live simple lives and do not use credit cards, which makes them good at saving.
It is found that the country is relatively safe as well. In addition, healthy food is fairly inexpensive. Much of the produce that is sold on the street is grown and harvested locally and is, therefore, organic by default. The farmers cannot afford to use pesticides. Bananas and a coconut, for instance, cost about $1.50 USD.
You can also find some good buys in properties in the Cambodian real estate market. Not only is the country excelling economically, but it also is a friendly haven for investors to place their money.