Slow is good: The real estate market’s slower current growth is better in the long run, experts say
While the Cambodian real estate market has still not fully recovered from its steep decline during the 2008-2009 economic crisis, its slower but steady growth is more sustainable than the rapid ascent seen in the years leading up to the fall, experts say. … although growth rates have returned to double digit territory. The recovery is driven by a flow of foreign investment, according to Kuy Vat, CEO of VTrust Properties. … A re-bound has been observed since late 2010 after the big dip in 2008-2009, when prices fell 30 to 40 percent. Slower growth rates prevailed in 2010 but then began climbing, reaching around 15 percent in 2011-2012 … “But if the global economy slows down, it will definitely affect this country’s fragile construction market,” …
