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Cambodia is a country on the Indochinese mainland of Southeast Asia, located between Thailand (to the West), Laos (to the North), and Vietnam (to the East). This country is well known for being the origin of the Khmer Empire that used to stretch from parts of current days Thailand, Laos, and South Vietnam. Visitors can get a sense of how great the Khmer Empire was at its peak by exploring the Angkor Archeological Park, which was once the center and the megacity of the empire.
Today, Cambodia is not only known for Angkor Wat, but also for its stunning beaches, lush jungles, friendly people, delicious food, and lively nightlife. Due to the country’s fascinating history, culture, and natural beauty, it has become a popular tourism destination. In fact, tourism in the country is growing so rapidly that it plays a significant role in the country’s economic boom. Over the past two decades, Cambodia’s economy has sustained an average growth rate of 8%, making it one of the fastest-growing economies in the world. With everything that it has to offer, more and more people are visiting, investing, and relocating to this country.
Find the latest rental rates on the Cambodia property market
Cambodia covers an area of 181,035 square kilometers, is divided into 25 provinces, and has a population of over 15 million people. About 14% of the country’s population resides in the capital city, Phnom Penh. Once considered as one of the most attractive French-built cities in Indochina, it used to be called the “Pearl of Asia.” Serving as the country’s industrial, economic, and cultural center, this city is especially noted for its historical attractions and architecture. Some of the most popular attractions are the Silver Pagoda, the Royal Palace, and the National Museum of Cambodia.
Another popular destination in the country is Siem Reap. Most international tourists come to this city to explore Angkor Archeological Park, which is located six kilometers north of the city. Angkor Archeological Park is listed as a UNESCO World Heritage Site and it is one of the most important sites in Southeast Asia that date back to the 12t century and is the main tourist attraction in the country.
In recent years, more and more people choose Sihanoukville as their holiday destination in Cambodia. Once a sleepy seaside town, Sihanoukville is now a popular tourist destination thanks to its beautiful beaches and clear waters. Tourists usually flock to Otrech Beach, Serendipity Beach, and Sokha Beach. In recent years, this town is also popular for its casinos.
Cambodia has different types of property for rent that can fit any budget and preference. The property types in the country range from traditional Khmer houses, shop houses, modern apartments, serviced apartments, condominiums, villas, and commercial buildings.
Apartments and condominiums are typically divided into three categories: high-rise, mid-rise, and low-rise. High-rise apartments and condos are usually located in areas such as Phnom Penh and Sihanoukville and mostly come with luxurious amenities. Mid-rise and low-rise apartments and condos can be found in many areas throughout the city, but you can find many of them in cities such as Siem Reap. Apartments and condominiums offer several types of room, including studio and 1 to 4 bedrooms. Luxury apartments and condos mostly have gyms, swimming pools, and 24-hour security.
One of the most common types of property you can find in Cambodia is shophouses, which can be designed with Khmer-styles or modern styles. Shophouses with Khmer style is usually the most affordable types of property to rent in Cambodia.
What's considered a villa in Cambodia includes regular, freestanding houses. Villas can be designed with Khmer style and modern style as well. They usually come with more rooms and spaces than other types of property.
The cost of living in Cambodia is very affordable, especially for foreigners who come from Western countries. The official currency of the country is Cambodian Riels (KHR) and 1 USD converts to approximately 4,093 KHR. The exchange rate is very favorable and allows most foreigners to live comfortably, regardless of their lifestyle choices. Being the capital and most developed city, prices in Phnom Penh are typically higher than in other areas. However, it is still relatively inexpensive.
Besides using Cambodian Riels, US dollars are widely accepted in the country. Some ATMs even dispense dollars instead of Cambodian Riels. In some places, particularly areas that are close to the Thai border, Thai Baht are often accepted.
Cambodia is known to have a rich culture, with friendly people who will welcome you with warmth. More than 95% of the country’s population adhere to Buddhism, but other religions, such as Islam, Christianity, Daoism, and Confucianism are also practiced by some of its population.
Located in the tropics, Cambodia enjoys warm weather throughout the year. There are two main seasons in the country, including wet season and dry season. From May to October, the wet season starts and some brief rainfall may fall each day. The dry season starts in November and ends in April. It is pleasant weather, but the temperature can rise up to 35°C. Even in the hottest days, it is important to wear modest clothing, especially when you are far from the beach or visiting religious sites to respect the local culture.
If you want to stay in Cambodia for an extended period of time, you have to obtain an E-class visa, which is valid for 30 days and can be extended indefinitely. There are numerous visa extensions to choose from, including EB, EG, ER, and ES visa extensions. Most expats who relocate to Cambodia obtain EB visa extension.
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