Residential property price index remains stable in 2021 despite amid Covid-19 crisis

The residential property price index (RPPI) has been compiled to monitor the residential property market condition. Results showed that this market was stable both in Phnom Penh and the provinces.

Overall residential prices in 2021 increased by 10.9% compared to 2020, indicating that the housing market continues to be attractive to buy despite the pandemic.

The increase in overall prices may have been mainly due to the uninterrupted development of infrastructure to connect various areas in Cambodia and higher demand for the affordable and mid-price segments in Phnom Penh’s surrounding areas as a result of increasing people’s mobility from provinces to work and study in the city.

 

 

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