Scam-proof your real estate investment in Cambodia with these tips

Admin 24/February/2023 09:56

Key Points:
  • Unrealistically low prices, lack of transparency, pressure to act quickly, fake agents, absence of legal documents, and unexpected fees are potential scams to watch out for
  • Comparing prices on local agency websites and seeking information before making a purchase decision can help avoid scams.
  • Checking the licenses and credibility of agents with relevant authorities
  • Checking all related legal documents before making any payment or purchase is crucial 

“Investing in Cambodia can be rewarding due to its fast-growing economy, top tourist destination status, and favorable returns on investment, but exercising caution is necessary to avoid scams” 

Cambodia is an attractive spot for real estate investment in the Asia region, offering appealing returns for investors. However, it is important to be aware of potential scams and fraud when seeking investment opportunities. Here are some things to look out for.

Unrealistically low prices

when you come across a property that has a really low price, almost too good to be true — it might be a scam. It’s a way scammers try to lure buyers by putting a price that’s unrealistically low. In order to avoid such scams, it’s helpful to look for property prices on some of the local agency’s websites. On top of that, they also provide transparent prices that are accurate to the market trend and value. For an instant, if you are looking for a rental property, you could find an agency like RENKH that’s exclusively focused on property renting with all kinds of properties ranging from residential to commercial and warehouse.

Lack of transparency

Sellers who are unwilling to provide detailed information about the property, transaction process, or legal documents should be approached with caution. Ask for all necessary information before making any purchase decision.

Pressure to act quickly

Buyers who pressure you to make a purchase decision without allowing time for due diligence may be trying to scam you. Take the time to evaluate all options before making a decision.

Fake agents

Check the licenses and credibility of agents before deciding to work with them. Verify their credentials with relevant authorities or the Cambodia Valuers Estate and Agents Association (CVEA). Established real estates agencies such as Century 21 Cambodia, ERA Cambodia, and Coldwell Banker are recommended to ensure safe and profitable investment decisions.

No legal documents

Always check all related documents, including land titles and permits, before making any payments or purchases.

Unexpected fees

While some extra fees may be required, such as legal fees, processing, and administrative fees are often unnecessary. Seek advice from a real estate agent to avoid overpaying or falling victim to scams.
Investing in Cambodia can be a rewarding experience, given the country’s fast-growing economy, top tourist destination status, and favorable returns on investment. However, it is crucial to exercise caution and be aware of potential scams to ensure a safe and profitable investment.


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