The Cambodian government welcomes foreigners to invest in real estate, and the measures for foreigners to buy houses need to be more relaxed than those in Thailand. As long as they have passports and visas, they can buy a house.
On April 5, 20 10, the Cambodian National Assembly discussed and passed the Law on Property Rights of Foreigners, which was jointly formulated by the Ministry of Land, Urban Planning and Construction and the Ministry of Justice. According to laws and regulations, foreigners will have the right to buy a house in Cambodia and have reasonable and legal property rights.
It is also stipulated that foreigners who buy houses with more than two floors of multi-storey buildings in Cambodia can obtain the same property title certificate as China citizens in China, and at the same time, they can lease and trade their own property and enjoy unlimited rights and permanent property rights.
Property right difference
There is only one choice between land resource property rights and housing property rights: local people buy townhouses and own land resource property rights. Foreigners have more than two floors of property rights, only the property rights of houses and buildings are recorded, and there is no property right of land resources. House property right certificate is a detailed property right, and the rights of foreigners are exactly the same as those of China people. If it is reformed in the future, it will be punished according to the proportion of land area on the house property certificate.
Property right qualification certificate
Cambodia's property right qualification certificate is an alias hard card; It is a certificate that landed in the local administrative organ according to the land management law, printed on the excellent hard printing paper in official website, and can be mortgaged to financial institutions for loans.
Time limit for foreigners' property ownership
With passports and visas, foreigners can buy houses with no land resources and more than two floors, and can buy houses with 100% property rights, but not more than 80% of the whole apartment building, and only the permanent property rights of the houses, but not the land property rights.
What are the precautions for buying a house in Cambodia? Can foreigners still buy a house in Cambodia?
Yes, foreigners can buy houses with the same title certificate as Cambodians, and they can buy and sell them freely. They can buy a house with passports and visas, and there is no restriction on purchases, but they cannot enjoy the current low-interest loan policy like Cambodians.
Is there a title certificate for buying a house in Cambodia?
Cambodian houses have three kinds of property rights,
First of all, the property right with land use certificate is limited to Cambodians, and foreigners are strictly prohibited from buying land in Cambodia;
The second is the 99-year title certificate (alias soft card), which is usually the property right of commercial land belonging to government departments and can be purchased by Cambodians and foreigners; But foreigners can only buy those above the second floor;
The third is the title certificate of permanent property house (alias hard card). This land is for personal business, and Cambodians and foreigners can buy it, but foreigners can only buy more than two floors;
Should I pay RMB or US dollars for buying a house in Cambodia?
If the real estate agent is from China, it can be remitted directly to the bank account of the real estate agent China or to the Cambodian account of the developer. If the real estate agent is a foreign real estate agent, only US dollars are allowed.
4. Is Cambodia chaotic? Is it unsafe to buy a house?
Cambodia was governed by Prime Minister Hun Sen for nearly 30 years. There was no civil war, no foreign invasion, and the property steadily increased in value. This is one of the best investment properties in Southeast Asia.
5. What is the process of buying a house in Cambodia?
Look at the house, choose the real estate, pay the deposit and sign the subscription agreement; Commitment to the late payment method; Delivery and acceptance, apply for hard title certificate.
6. What information do I need to prepare to buy a house in Cambodia?
Buying a house requires carrying a personal passport visa; To open a bank card in Cambodia, you must have a business visa for half a year+proof of work unit before you can open a bank card.