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Cambodia's real estate market continues to decline due to this big reason

07 Jun 2024, 3 months ago
Real Estate

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While the real estate market has not moved significantly, trading has been less active, according to a World Bank report that the real estate market continues to decline despite the Cambodian economy as a whole is projected to grow steadily. In 2024 and 2025.

Activity in the construction sector remains modest as the real estate market continues to decline, according to a World Bank Cambodia release today. Continuing to decline as domestic credit growth slows sharply, reducing private spending and affecting domestic revenue collection.

It should be noted that the World Bank, which released an update on the Cambodian economy, said that economic growth is projected to be 5.8% in 2024 and will be able to improve further at 6.1% in 2025. Improved exports of garments, travel and footwear, as well as a recovery in tourist arrivals.

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