Real Estate Market in 2023 Not Recovering to Pre-COVID Rate Yet: CBRE

14 October 2022
Local News
3087 Views

The real estate market in Cambodia is expected to improve only slightly in 2023, not yet reaching the levels of pre-COVID-19, according to the forecast of CBRE Cambodia Associate Director Kim Kin Kesa.

She predicts that real estate prices will continue to stabilize, just similar to the rate in 2022. However, the number of real estates transactions are likely to grow next year.

“Nevertheless, the growth in demand in the real estate sector in 2023 might be limited. The factors influencing this limited growth are the slowdown in the global economy, the slow recovery of Cambodia’s economy, the global geopolitical crisis, high inflation, as well as the rise in energy prices, construction materials, and transportation,” she added.

According to her projection, in 2023, investors should look to invest in land in areas with long-term development potential, as land is the safest investment among all subsectors that can give high returns when the economy recovers in the coming years.

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