Print

Cambodia calling?

Jaimie Kanwar

Cambodia could soon begin to rival Thailand as a regional tourism hotspot...

This is the view of experts at Property Secrets, who recommended Phnom Penh as the country's 'region to watch'.  A spokesperson for the company explained: “The main growth in the Cambodian property market has centred on Phnom Penh thus far. Its massive growth in the past few years means the market is looking like it might level out, and property is not as cheap as it once was.

“That said, there is still plenty of room for capital appreciation; as Phnom Penh's business and commercial sectors continue to see massive levels of growth, rising affluence as well as a rapidly emerging tourism sector will see property prices continue to rise by at least 15%-25% per year.

“The Cambodian government's new plan to re-launch the national airline, as Cambodia tourism begins to see massive growth, is likely to spread growth, and new Cambodia property hotspots will start to emerge, especially around Cambodia's beautiful unspoilt coastline, which is beginning to rival Thailand and Bali as a regional tourism hotspot".