Rise of housing loans
Although costs can be high for borrowing and it can be difficult to pay regularly every month, the trend of borrowing from banks by Cambodian people to buy property is still steadily increasing, according to experts. Keuk Narin, vice president of Asia Real Estate Cambodia, said people are increasingly aware about using a loan from a bank to buy their house and other products, compared to last year. … “Borrowing is good or bad, depending on individuals’ revenues and economy. Therefore, carefully considering potential revenue is very important,” said Keuk, adding that persuading customers to take out loans is part of what banks do, but if a borrower can’t pay off the debt, it will lead to trouble. …
http://www.phnompenhpost.com/index.php/Real-Estate/rise-of-housing-loans.html
