I’m going to talk real estate here. So I can’t guarantee its going to be interesting. Hahaha. I personally find finance, real estate blah blah boring. But since I’m a wife and a mom with a family to think of, such things I have to deal with. A little disclaimer, I’m not an expert in real estate nor am I a broker. I also have no knowledge about foreign ownership of real estate in Cambodia and its legalities. So what I’ll be discussing is our own personal experience in owning a home in Cambodia.
We have our own lot and a small house here in Phnom Penh. It’s within the city limits and very accessible to the markets, and other conveniences. We love the place coz its quiet, safe but very accessible. We’re not moneyed folks and a billion trillion light years away from being an ohkna (equivalent to tycoon), so owning a house and lot was a big hurdle for us.

If you’re just like us, regular working folks, then buying a lot and a house is almost impossible here. For several reasons: (1) Prices are so steep-really crazy steep and unregulated! (our neighbor’s lot 6×20 m is priced at $80,000! I find this amount obscene! It’s not even a commercial area!) (2) Home financing is not widely available nor is it popular, and its not a very practical option either as loan interest are sky high.
Before we decided to settle here, I was full of complaints about how real estate in the Philippines was so expensive and how lame was the government backed home financing – Pag-ibig, was. BUT when we got here and was faced with the realities of how we can own and not rent our own place, I had to appreciate that the real estate prices back home was regulated and people could at least have some access to home financing without being buried in debt and interest.
I could only thank my lucky stars that my husband has some financial genius tucked in there somewhere in his brains. Early on in our marriage, when prices are not so high here in Phnom Penh, and instead of spending a lot on a lavish wedding, we decided to just invest in a piece of land. That time, this lot was pitiful looking. With a smelly creek at the back, not much neighbors/houses around, pot holed streets, and I lamented that this place can’t possibly get any internet connection (ha!) and it ‘seemed’ far from the city. But hubby argued that the city is expanding rapidly, and we won’t have to wait long till the area is developed. So we shelled out a couple of thousand dollars and got ourselves that lot. I was consoling myself that at least we won’t have to rent a place when we moved here.