If you are interested in buying or renting houses here in Cambodia, take a look at our listings down below.
Here at Lux, we have a plethora of residential real estate for sale in Cambodia.
Here we will take you through the basic processes for you to find your dream home in Cambodia.
The location must be right for you, your family and potentially your business activities.
What you can afford and borrow is the first stage of starting on the front foot with buying a house in Cambodia.
Before you buy a house, it is always helpful to have a re-assessment of your financial situation. Buying a home requires being aware of your financial status, credit history, and other factors.
At Lux, for us to do our job effectively, we need to spend time with you and know what you are looking for and why.
Every perfect homebuyers scenario is not to borrow money from the bank or a lender for a mortgage. However, it doesn’t work out like that for everyone.
When it comes to you and your families needs, we can advise on what mortgage broker or lender is best suited to your situation. We keep up to date with all the lenders in Cambodia and their rates to recommend what is best for our clients.
Creating a list of what you want and a separate list of what you need is a good starting point when looking for residential property.
In addition to those lists, agree on what you would be prepared to compromise on if you feel you need to.
If you are working in the Kingdom, the location takes on a different meaning to someone looking for a holiday home or a dream retirement home. So, assessing areas, districts, and suburbs is key to starting house hunting on the right path.
Given the current global economic situation buying a home at an affordable price is not as difficult as some people think. Many credit agencies and banks are now more flexible than they have been in many years regarding home loans and mortgages.
Remember, at Lux, we want to ensure you find the right home and are not rushed into making a decision. Finding the right lender without hidden small print is a significant part of that process.
Now in Cambodia, several banks and lenders will offer low-interest rates to purchase a home. Here are some of the more prominent names of lenders:
These banks provide mortgages and loan opportunities that will relate to your needs, but of course, it is about finding the right plan for you.
Loans are not available for all properties in Cambodia; certain cases will come down to credit scores, assets, and tax records if you have run a business.
At Lux, we will advise you accordingly who will best suit your requirements and find you the right price.
There are many different types of residential property available on the Cambodian market.
With townhouses, shophouses, flats, apartments and boreys also on the market, is it vital to analyse what will suit your requirements from the start and work towards those goals. All of the above have different spatial features paramount to being viable for an individual, a couple or a family.
Property size is relevant to the individual or family requirements. In many cases in Cambodia, size doesn’t always equate to price as a location dictates.
Desirable neighbourhoods can carry properties that are not as well kept or as new as less desirable areas undergoing rapid redevelopment and infrastructure projects. Within 3-5 years, you could be living in the new go-to area of Phnom Penh or Siem Reap, for example.
The same the world over is some houses may be cheap as far as the asking price is concerned but turn out to not be so.
Cheap apartments and flats are plentiful in many sought-after areas around the country, but homes are different.
If you are looking to buy to invest, there is a new dynamic to consider, and yes, there is a great market to buy cheap, renovate and sell on.
If you are a family and are working, buying cheap to renovate can be somewhat inconvenient. In many cases, this results in people having to rent alongside having laid a deposit and possibly paying a mortgage and renovation bills altogether. We try to avoid this scenario at all costs.
So cheap houses that need restoration or renovation are an excellent opportunity for many. Still, we need to analyse what suits you best, timeframes for the work, costings and what sell-on value it will have at the end of it. For people looking to live in the property, we will still source housing that will appreciate, especially if you are looking to start or grow a family.
That is our job.
Asia is a hub for negotiating from a market stall to a hotel. Our agents have plenty of experience dealing with small rental fees to big commercial projects.
Our tried and tested methods and techniques will save you money, especially in this current buyer’s market.
Negotiations are not always just about bricks and mortar; we can help with negotiations in financing too. Having the proper conversation directed at the right people is vital to negotiating in this market.
We ensure we speak to the decision-maker(s) at all times during the negotiation process.
When you use an experienced real estate agent like Lux, our priority, first and foremost, is to ensure you buy at the right price point for what you require.
Markets change, and we pride ourselves on not needing our clients to rent while we look around for a suitable property for you and your family.
If we work together closely from the start, get your requirements, budget and follow everything step-by-step, we will find your dream home in Cambodia.
This current buyer’ s market will not last forever, so it’s our job to find what you want as quickly as possible. So let’s start the process today and speak with one of our experienced advisors to get you on the Cambodia property ladder.
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