Officially known as the Kingdom of Cambodia and once known as the Khmer Empire, is a country located in the southern portion of the Indochina Peninsula in Southeast Asia. Its total landmass is 181,035 square kilometres (69,898 sq mi), bordered by Thailand to the northwest, Laos to the northeast, Vietnam to the east and the Gulf of Thailand to the southwest.
With a population of over 14.8 million, Cambodia is the 70th most populous country in the world. The official religion is Theravada Buddhism, which is practiced by approximately 95% of the Cambodian population.
The best time of the year to travel to Cambodia is October through March; the dry season, when temperatures are more moderate. In April, Cambodia's climate can easily reach temperatures of 40°C. The rainy season runs from the second half of June through to the first half of October.
Khmer or Cambodian is the language of the Khmer people and the official language of Cambodia. French and English is also widely spoken
Foreigners can buy properties but with some restrictions. Legislation passed at the beginning of April 2010 allows foreigners to own property in Cambodian buildings above the ground floor. This works well for apartments in condominiums or even older buildings in cities but not for a villa in a residential area except if you can manage to buy the upper floor. There are ways around these restrictions like forming a company, speak to your Agent for more information
Once you have agreed to a price, transfer a 10% deposit to block further sale. As there is no public notary to handle the exchange of properties in Cambodia, hire a specialist real estate lawyer to draw up the sale agreement, which will ensure total safety of the process. The sales process generally takes 3 – 4 weeks
• Agents charge 3% • Legal and Transfer fees can be up to 5%
Generally leases are for 1 to 2 years and rent is paid monthly in advance The security deposit is equivalent of 1 months' rent The tenant pays the Agents fee which is variable It is advised you use a property agent to deal with Landlords as they are often known to change their minds on price at the last minute