Ph­nom Penh hous­ing boom out of reach for most

Southeast Asia Globe - - Agenda -

A re­cently re­leased Cam­bo­dian prop­erty sur­vey has shone a light on hous­ing affordability in the Cam­bo­dian cap­i­tal. On­line por­tal can­vassed 5,000 re­spon­dents in Ph­nom Penh over a two-week pe­riod and found that, for the lion’s share of lo­cals, own­ing a home was be­com­ing in­creas­ingly out of reach.

Ac­cord­ing to the sur­vey, 34% of res­i­dents be­lieved lo­cal prop­erty is “mod­er­ately un­af­ford­able” while just 16% stated that it is “mod­er­ately af­ford­able” – how­ever, the ma­jor­ity of English-speak­ing re­spon­dents de­scribed it as “af­ford­able”. More than half of those who took part in the sur­vey sug­gested that they have seen an in­crease in prop­erty prices over the past 12 months.

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