Is 2024 a Good Time to Buy Property in Cambodia?

Cambodia’s real estate market has been evolving and is expected to continue in 2024. Thus, you may want to know if this would be the perfect time to make real estate investment in Cambodia. However, investing in Cambodia would possess specific challenges and opportunities, which is why you must consider all the factors with experts at IPS Cambodia. Let’s briefly examine whether you should invest in Cambodia now!


Economic Condition in Cambodia

If you plan to invest in Cambodia, you need to be very mindful of the economic condition. That’s one aspect that will help determine the return on investment across these properties.

Current State

Cambodia has shown stable economic growth in the past few years. It is hugely affected by factors like the increase in manufacturing, agriculture, construction, and tourism. Such economic growth in Cambodia has affected urban areas like Phnom Penh, Sihanoukville, and Siem Reap. The government policies have greatly influenced the positive trajectory of economic conditions in Cambodia.


Rapid urbanization and foreign investments will drive more investments and lead to growth in Cambodia’s economic conditions. Considering the current market situation, the financial condition will improve in the coming times and will see a positive trajectory. However, the economic forecast may be slightly mixed compared to its neighbors. The growth in economic conditions will drive interest in the increase in foreign investment in Cambodia. This will lead to an increase in property values, too.

Housing & Rental Prices in Cambodia

As the demand for housing from the locals and expats increases in Cambodia, the prices in this region will increase too. Let’s briefly examine the housing and rental prices across Cambodia.

Current State

In the past few years, the housing prices in Cambodia have increased. Various factors have contributed to the increase in foreign investment, urban development, and economic growth. The price of housing has seen an appreciation in areas like Siem Reap, Sihanoukville, and Phnom Penh. However, prices across urban and rural real estate houses have also significantly differed.


The economic and demographic factors will contribute towards an upward trend in housing prices. Agricultural growth, tourism, and manufacturing increase will also increase housing prices. If Cambodia maintains its current economic trajectory, it can be expected to go above in the future. However, different factors will contribute differently across different regions.

The Sleek Skyline of Phnom Penh at Sunset

Condition of the Real Estate Market in Cambodia

The real estate market of Cambodia, especially in the residential sector, is growing rapidly. It’s contributing to the economy of the country too.

Current State

Cambodia’s current real estate demand is at an all-time high, especially in the residential sector. Various factors like urbanization, economic growth, and the growth of the middle class contribute to the rise of demand for real estate in urban areas. Areas like Phnom Penh, Sihanoukville, and Siem Reap have seen an increase in demand. Most buyers looking forward to purchasing residential property in Cambodia consider factors like purpose, budget, and location.


The change in age of population and urbanization may affect current real estate demand in the future, too. As more people move from rural areas to urban areas in search of employment, the need for real estate sectors will increase. There’s a considerable demand in today’s time regarding gated communities. A lot of people are looking for urban dwelling methods like condominiums, apartments, and townhouses.

Effect of Inflation on Cambodian Real Estate

Inflation is when the prices go up, whether for travel, food, or anything else. As of 2024, the inflation is expected to rise around 3%. If you plan to invest in Cambodian real estate during high inflation, it can bring several advantages, such as the following:

  • There will be a gradual capital appreciation of property prices. 
  • Since the value of debt goes down due to inflation, mortgage prices will be more affordable. 
  • Diversifying in real estate during inflation is likely to bring stability.
  • Real estate can be a hedge against inflation, which helps preserve overall investment value.

Is 2024 the Best Time to Invest in the Cambodia Real Estate Market? 

Considering the positive movement of economic conditions and the real estate market, 2024 may be the best time to invest in Cambodia. At IPS Cambodia, we have helped numerous businesses leverage the trends from the previous years. Since inflation will likely grow in the coming years, this may be the best time to invest and generate a good return on investment. It is advisable, however, to research the areas you want to invest in Cambodia.

Ready to explore some options in Cambodia real estate? Visit our website or contact us here or via Telegram to schedule a consultation with one of our property experts today!

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