If you buy or sell land you are forced to pay commission
"I made a standard spray paint on the fence: "Land for sale". Moreover, I got a piece of linen and I wrote on it, as on billboards, my contacts. Soon I discovered that local agents didn't like it; they changed the telephone number and replaced it by their own. And my billboard was stolen!"
Typical issues in real estate trade
How to build a seaview villa for $40000
I started with a monitoring of existing construction crews in Sihanoukville. I addressed to them with a single issue: to make a cost estimate of a house construction.
Their quotations were:
In the first office: $59000
In the second office: $49000
In the new one: $29000.
My house has been built by Khmer workers in 3 months
Real estate: local market
Cambodian property laws for foreigners are similar to the laws of other countries of the region eg. Thailand, Vietnam or Malaysia. Foreigners cannot buy land or a house. However, foreign citizens are allowed to rent it for 99 years. In fact, you lease a house in a form of long-term rental contract, with a Khmer owner.
Average prices of land (rent for 99 years), November 2009