September 2018 Realestate.com.kh Consumer Sentiment Survey
Realestate.com.kh is excited to share the findings of our Cambodia Real Estate Survey. We surveyed 2,000 respondents to get an accurate sense of consumer sentiment in the country. The report also briefly elaborates on trends and changes from our previous survey.
One notable change can be seen when looking at the income of survey takers. Fewer people are earning less than $500 a month now than were two years ago. The group making $501-$10,000 a month grew considerably. This is a clear sign of the growing middle class in the Kingdom.
Another important finding is that buyers continue to have confidence in the market. An overwhelming majority of respondents said that now is a good time to buy property. As to the location, most respondents chose Phnom Penh over Siem Reap, Sihanoukville or other urban areas of the country.
The survey also found that the internet is still the top source of real estate information. This is expected to be the trend for the foreseeable future, especially that internet penetration in the country is ramping up.
However, just like in the preceding survey, consumers noted continuing weaknesses in the sector that need to be addressed. Foremost among these is the perceived lack of professional standards and regulations. Most of the respondents saw the need for standardized valuation pricing, compulsory real estate agent certification, and regulation of agent commission.
Download survey or read it below. To dive deeper into economic topics in Cambodia, head over and read our yearly investment guide.
December 2016 Realestate.com.kh Consumer Sentiment Survey
Realestate.com.kh is pleased to release the results of the 2016 Realestate.com.kh Consumer Sentiment Survey. The survey reveals key information for investors, developers, retailers, financial institutions, insurers and personal home buyers and sellers.
The intention and scope of the December 2016 survey was to dig deeper into the hearts and minds of Cambodia-focused real estate consumers in regards to their perceptions of the market and their current spending and borrowing habits. By doing so, the survey allows us to predict future buying and selling trends in the market.
The responses revealed a generally positive attitude towards the real estate market of the Kingdom, which is currently perceived as growing, improving and, more importantly, a target for investment. As a matter of fact, almost 80% of those surveyed believe that purchasing a property in Cambodia represents a good investment.
However, the survey has also produced data that suggests many consumers perceive a series of weaknesses in the market - namely in regards to the current affordability of property (especially for local buyers), the need for financing for property purchases, and gaps in the market regarding professionalism and transparency in the real estate sales and valuation professions.
Download survey or Read it below.