Some people are looking to buy property to live in, while others are more interested in buying an investment property. The problem with the latter is that it is hard to know where to start. This is why at Borey Williams we have devised this handy guide to buying an investment property in Cambodia.
These are our five tips to buying an investment property in Cambodia.
1. Establish Your Budget When Buying an Investment Property
It is the first rule of all property purchase, whether it is for an investment or as a family home – first establish your budget and then stick to it.
2. Cheap Property Might Not Be the Best
We all like a bargain whether it is when out shopping at the local mall or buying an investment property. However, the cheapest deal does not necessarily represent the best value for money. Simply put you get what you pay for.
3. Buy New
We strongly suggest that you buy from new developments, especially when they are just breaking ground. This is the time when you are most likely to get the best deals. It also provides you with the opportunity to make your own input into the property’s design.
4. Location, Location, Location
Another golden rule of all property investment, carefully consider the location of the investment property you are considering purchasing. In Phnom Penh you will find that properties slightly off the main thoroughfare fetch better prices and will provide you with better value for money.
5. Consider Commercial Real Estate
Overall residential rentals are poor in Cambodia. Instead, consider retail, light industrial or commercial properties as these will generate higher rental rates for a better return on your investment.
Fortunately for you, at Borey Williams we have a range of commercial real estate, including retail units, which not only represent excellent value for money, but they also can provide excellent return on your property investment as well as providing a steady source of income.
