A Real Estate Adventure For Retirees In Cambodia
A Real Estate Adventure For Retirees In Cambodia
A Real Estate Adventure For Retirees In Cambodia
Cambodia
is quickly becoming one of the fastest-growing real estate markets in
the world, and many retirees are looking to this exotic, burgeoning area
to invest in a vacation/rental property. B2B Cambodia places the
country in the top 10 fastest-growing nations in
the world, with an average growth rate of seven percent in the last 14
years while real estate property prices still remain among the lowest in
Southeast Asia. To meet the investment demand, developers have shifted
their focus towards modern condominiums in order to satisfy the needs of retirees looking to invest in Cambodian property without the headache of maintaining a house.
Buying To Let In Cambodian
Cambodia
is fast becoming one of the most popular Southeast Asian travel
destinations with its cosmopolitan capital city, venerable temples,
vast jungles and glistening coastlines. According to Cambodia’s Ministry
of Tourism, six million tourists visited in 2018 with that number
estimated to increase to 12 million travelers by 2025. New airports being constructed in the capital of Phnom Penh and nearby Siem Reap will only help increase the travel flow.
With
this growing need for both short and long-term rentals, retirees could
hardly find a more secure real estate investment than Cambodia which hasn’t suffered a single year of recession in
20 years. The key to finding a good investment property is minimal fuss
since you want to enjoy your retirement years and not struggle with
problems half a world away. Steer clear from complex property types like
flats above shops or homes in multiple occupancy that can add
frustrating complications which is why investing in minimal maintenance
condos makes the most sense for seniors.
More Than Just A Holiday In Cambodia
Cambodia
offers one of the lowest costs of living in Southeast Asia, which makes
it an ideal travel destination for any retiree relying on a fixed
pension or Social Security. In fact, Cambodia has taken the top prize as
International Living’s cheapest country for retirees four
years in a row. Thanks to its low-cost property budgets, many retirees
use a Cambodian housing investment as both a holiday getaway residence
for themselves and a rental property for the rest of the year.
Whether you’re personally looking for a new retirement adventure in an exotic place, a rental investment property or a combination of both, Cambodia is perhaps the most affordable and attractive location abroad. With its growing economy, population and tourism, now is the time to buy. Most folks work toward retirement their entire adult lives and investing in Cambodian property can provide the perfect way to reap the fruits of those labors.