Kampot Land market 2023- Be a good time to buy
The Kampot land market in 2023 is showing signs of recovery after a slump during the COVID-19 pandemic. Demand for land from wealthy Phnom Penh buyers is strong, and prices are starting to rise.
According to a report by Cambodia Investment Review, the ideal property price range for Cambodian buyers is between $50,000 and $75,000. Foreign buyers, on the other hand, are more interested in properties valued at $100,000 or more.
In Kampot, prime residential riverfront properties previously asked for around $300 per square meter in 2021. However, sellers in 2023 are more willing to negotiate, and prices are now starting to come down. Land for sale in Kampot is currently priced between $200 and $250 per square meter.
The strong demand for land in Kampot is being driven by a number of factors. These include the province’s proximity to Phnom Penh, its beautiful scenery, and its growing reputation as a tourist destination.
If you are considering investing in land in Kampot, now may be a good time to buy. Prices are still relatively low, and there is a strong demand for land from both local and foreign buyers.
Here are some of the factors that are driving the demand for land in Kampot:
- Proximity to Phnom Penh: Kampot is only a two-hour drive from Phnom Penh, making it a convenient weekend getaway for city dwellers.
- Beautiful scenery: Kampot is known for its beautiful scenery, including its riverfront, mountains, and countryside.
- Growing reputation as a tourist destination: Kampot is becoming a popular tourist destination, thanks to its laid-back atmosphere, delicious food, and stunning scenery.
If you are considering investing in land in Kampot, here are some things to keep in mind:
- Do your research: Before you buy any land, it is important to do your research and understand the local market.
- Consider your investment goals: What are you hoping to achieve by investing in land in Kampot? Are you looking for a short-term investment or a long-term investment?
- Be patient: The land market in Kampot is still developing, so it may take some time to see a return on your investment.
Overall, the Kampot land market in 2023 is showing signs of recovery. If you are considering investing in land in Kampot, now may be a good time to buy.
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