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Learn more about the Siem Reap property market through trends and average prices.
Regarded as the fashionable epicenter of Cambodia, Siam Reap’s former village appearance has transformed into the biggest construction city across the country. Known as the "City of God-Kings,” it boasts an array of religious monuments and temples such as Angkor Wat, the biggest religious site in the world.
Constantly evolving, Siam Reap is ideal for both real estate investors and travelers alike offering world-class dining, luxury spas, hip hotels, and an exciting cultural scene. With more than a million tourists visiting Siam Reap each year, it is now considered to be the fastest-growing destination across Cambodia.
Similar to the capital Phnom Penh, properties in Siam Reap are split into several categories including traditional style Cambodian shophouses. There is a broad selection of budget-friendly guesthouses in Siam Reap providing reduced rates subject to rent for at least four weeks. Condos or one-bedroom apartments are usually fully furnished and located in brand new or refurbished blocks.
Easy to maintain and rent out, they feature extensive facilities such as swimming pools, gyms and round the clock security. Although rental yields are small, condos are extremely sought after thanks to increased levels of tourism and foreign investment. A prime example is this stylish 11 bed, 11 bathroom apartment in Pouk. Other noticeable property areas include Sla Kram, Sala Kanraeuk and Svay Dankum.
Some of the hottest areas in Siam Reap are situated around the iconic Angkor temples, providing a gateway to exploring this exciting destination. The charming Old French Quarter is a throwback to Cambodia’s colonial past. Gaze at the mélange of striking buildings or stroll through the narrow streets dotted with shops, restaurants, and quaint cafes.
You will find extensive property choices around the Old Market and Pub Street due to the continual stream of tourists. This lively area is within close proximity of the French Quarter. Opened last year as part of its continuing economic growth, National Road 6 is where there are other potential investment opportunities. This main artery connects three provinces and is a short cab ride from Siam Reap International Airport.
An abundance of accommodation awaits tourists with spa resorts, shopping malls, coffee shops and several dining options all easily accessible on foot. Near to Angkor night market is another location where properties are springing up. In contrast to Phnom Penh, Siam Reap’s property market has remained stagnant allowing plenty of growth opportunities in the short term.
Brimming with restaurants, bars, hotels, cafes, and thriving markets, Siam Reap’s tourism sector has undergone a major boom. A major draw for tourists is the Angkor Wat temples which have been recognized as official UNESCO World Heritage sites.
Home to several religious monuments, go back in time at the Angkor Archeological Park filled with remains that date back to the Khmer empire. Stretching across more than 400 square kilometers, experience sunrise at Angkor Wat, discover Ta Prohm, home of the Tomb Raider movie, marvel over Angkor Thom or head to Bayon Temple with its striking 50-plus towers. Take to the water on a kayak adventure down the Tonle Sap with uniquekayakcambodia.com whilst adventure enthusiasts can get their fix and learn about rural Cambodia with Siem Reap Quad Bike Adventures.
When in Siam Reap, take advantage of several distractions that will ensure a memorable trip. An evening at the high energy Phare or Cambodian Circus is guaranteed to excite and entertain. Meanwhile, there are a number of different markets to choose from selling a variety of goods. Don’t miss the original Angkor Night Market that has been a city favorite for many years. Built in the 1920s, the bustling Psar Chas (Old Market) lies in the center of historic Siem Reap.
Noon Night Market is another popular haunt offering 100-plus stalls where you can purchase silverware, ornaments, engravings, clothes and more. For something more unique, the Made in Cambodia Market attracts a diverse crowd. Based at King’s Road Angkor complex moments from Siem Reap River, it promotes handmade goods from across the globe. Immerse yourself in Vietnamese and Chinese arts and crafts as well as goods from a collection of designers and local artisans.
Siem Reap is a beautiful city in Cambodia that has been gaining popularity among tourists in recent years. If you're thinking of buying a property here, there are a few things you should keep in mind. First, the prices of properties for sale in Siem Reap can vary greatly depending on the location. If you're looking for a bargain, it's best to avoid properties near the city center. Second, Siem Reap is still a developing city, so infrastructure and amenities are not yet on par with other cities in Southeast Asia. Finally, it's important to be aware of the potential risks of buying property in Siem Reap. The Cambodian government has been known to expropriate land for development projects, so there's always a possibility that your property could be taken away. Overall, buying property in Siem Reap can be a great investment, but it's important to be informed before making any decisions.
Yes, foreigners can purchase property in Siem Reap. However, there are a few things to keep in mind. First, foreigners can only own freehold property, which means that the property must be completely paid off. Additionally, the property cannot be located in a protected area, such as near an archaeological site. Finally, the purchase must be registered with the Ministry of Land Management, Urban Planning, and Construction. For more information, it is advisable to contact a real estate agent or lawyer who specializes in property purchases by foreigners.
Property in Siem Reap is becoming increasingly popular with overseas buyers, attracted by the city's rich history and vibrant culture. The average price for a house in Siem Reap is $100,000, although prices can vary depending on the size and location of the property. There are a number of houses for sale in Siem Reap, ranging from small apartments to large villas. With its growing popularity, Siem Reap is an excellent choice for those looking to invest in property.
Property in Siem Reap is becoming increasingly popular as the city continues to grow and develop. With its rich history and culture, Siem Reap is a unique and exciting place to live, and there are many different neighbourhoods to choose from. If you're thinking of buying property in Siem Reap, here are some of the best neighbourhoods to consider:
- Central Siem Reap: Central Siem Reap is home to many of the city's most popular tourist attractions, including the Angkor Wat temple complex. Property prices in this area have been rising steadily in recent years, making it a great investment.
- Taphul: Taphul is a popular neighbourhood for expats, with a wide range of international restaurants and bars. Property prices in Taphul are slightly higher than average, but the central location and amenities make it worth the investment.
- Phnom Penh Thmey: Phnom Penh Thmey is a new neighbourhood that is perfect for families. With its own hospital, school, and mall, this neighbourhood has everything you need. Property prices are very reasonable, making it a great place to buy your first home.