Industry insiders have stated the rising level of unemployment will hurt demand for the local real estate market, which has already been hit by the global COVID-19 pandemic, but should see an uptake if the virus situation is resolved within 12 months.
Georg Chmiel, executive chairman of Juwai IQI, told Khmer Times yesterday that rising unemployment and a reduction in earnings could reduce domestic demand for real estate in the Kingdom.
Georg added that foreign purchases in residential real estate demand is likely to be somewhat weak until Chinese and other Asian buyers can more freely travel to Cambodia.
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Source: Khmer Times