Cambodia as an investment

Cambodia is a charming and confounding country. It is a nation with inspiring and depressing history. It is a place that casts spells on many. Thus, it is not surprising that the Cambodian investment property market is very active. Investment properties in the country have been very popular, especially among foreign investors (mostly retirees from South Korea).
From 2004 until 2007, the property investment market in Cambodia saw its boom. Demand was just so robust that it pushed prices by up to about 25% to 40%. During the time, the government was considering allowing foreign investors to own buildings. Thus, any investment property club in the Southeast Asian region could attest that Cambodia then had the most significant boom.
Since 2008, the bubble burst has hit the property investment market in the country. After the global financial crisis hit South Korea very hard, most Korean property investors pulled out their foreign assets to gain liquidity. The result: real estate prices in Cambodia fell drastically to about 30% to 50%. The government is now speeding its plans to legally and finally allow foreign property investors to buy and own residential and commercial buildings. If you are in search of a discount property at below market value, now is the best time to swoon to the Cambodian investment property market.
There are still many reasons why property investors should consider purchasing real estate investments in the country. The geographic location is strategic. Cambodia borders Vietnam to the east, Laos to the north, and Thailand to the west. The Mekong River brings in fresh water, scenic views, and numerous fish supplies. Agriculture, tourism, construction, and garments are the thriving industries that help keep local economy alive and active.
As of 2008 estimate, population stands at about 14 million, making it the 67th most populated country in the planet. Up to 90% of its people are Khmer (natives). Thus, Khmer is the dominant language. Other ethnics are Vietnamese, Cham, Chinese, and Khmer Loeu. The culture is still very much alive. The transport system is currently undergoing extensive upgrades, focusing most on main highways that are of international standards. Inland waterways are also functional. Four commercial air hubs facilitate inflow and outflow of tourists, migrants, and travelers.
Many tourists and foreigners love Cambodia because costs in the country are relatively low. Many travelers assert that useful currency in the country is still the US dollar, though there is a local currency, called the Riel. The local currency is mostly used instead of the dollar. Thus, anyone could pay bills and purchases directly using US dollar. Converting the dollar into Riel would not be a problem as there are many sidewalk money changers around. International ATMs and credit cards could also be useful at select urban centers and specific commercial establishments.

Phnom Penh is the biggest city and is also the capital. Most of the sought-after and prime property investments could be found in and around the city. Vacation and town houses also abound at some other residential centers across the country.