Real Estate in Kep, Cambodia
Last updated on Jan 10, 2024
Summary: Expats and retirees talk about real estate in Kep, Cambodia? How do you find a home in Kep? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Kep?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Kep involves several steps. First, you need to decide on the type of accommodation you want. This could be anything from a small apartment to a large villa. Next, you should research the different areas in Kep to find a neighborhood that suits your lifestyle and budget. Some popular areas include Kep Beach, Kep National Park, and the Crab Market area. Once you have an idea of where you want to live, you can start looking for available properties. There are several online platforms where you can find listings, such as Khmer24, Realestate.com.kh, and IPS Cambodia. These websites allow you to filter your search based on location, property type, price, and other factors. In addition to online listings, you can also find properties through local real estate agencies. These agencies have extensive knowledge of the local market and can help you find a property that meets your needs. Some reputable agencies in Kep include Sihanoukville Property, Cambodia Property Shop, and Kep Estate Properties. Once you find a property you're interested in, you should arrange a viewing. This will give you a chance to inspect the property and ask any questions you may have. If you decide to proceed with the property, you'll need to negotiate the terms of the lease with the landlord or real estate agent. This includes the rent, the length of the lease, and any other conditions. Finally, once you've agreed on the terms, you'll need to sign a lease agreement and pay a deposit. The deposit is usually equivalent to one or two months' rent. After this, you can move into your new home in Kep. Remember, it's important to take your time and do your research when looking for a place to live. This will help you find a property that suits your needs and budget," said one expat who made the move to Cambodia.
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What is a typical expat home or apartment like in Kep?
"A typical expat home or apartment in Kep, is often a blend of traditional Khmer architecture and modern Western comforts. These homes are usually spacious, with open floor plans that allow for plenty of natural light and air circulation. The living areas often feature high ceilings, large windows, and tiled floors, which help keep the space cool in the tropical climate. The kitchen is typically equipped with modern appliances and fixtures, while the bathrooms often feature both a shower and a bathtub. Bedrooms are usually large and airy, with plenty of storage space. Many homes also have a balcony or terrace, offering stunning views of the surrounding landscape. The homes are often surrounded by lush tropical gardens, providing a peaceful and private setting. Some properties may also have a swimming pool or access to a nearby beach. Despite the tranquil surroundings, these homes are usually not far from local amenities, such as markets, restaurants, and schools. In terms of furnishings, many expat homes in Kep come partially or fully furnished. The style and quality of the furniture can vary widely, from simple and functional to luxurious and high-end. Some homes also feature unique local artwork and handicrafts, adding a touch of Cambodian culture to the space. Security is typically a priority in these homes, with features such as gated entrances, security cameras, and alarm systems often included. Additionally, many expat homes in Kep offer a range of services, such as cleaning, gardening, and maintenance, for an additional fee. Overall, a typical expat home in Kep offers a comfortable and convenient lifestyle, combining the charm of traditional Cambodian living with the conveniences of modern life," remarked one foreigner who made the move to Cambodia.
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What is the average cost of housing in Kep?
If you are thinking about moving to Kep, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Kep can vary greatly depending on the type and location of the property. For a standard apartment in the city center, the monthly rent can be quite affordable. However, for a larger, more luxurious villa or house, especially those with sea views or in prime locations, the cost can be significantly higher. It's also possible to purchase property in Kep, with prices again varying widely based on size, location, and the overall condition of the property," said one expat who made the move to Cambodia.
Should I buy or rent a home in Kep?
If you have not spent a lot of time in Kep, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Kep, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Kep for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and gives you a sense of stability and permanence. However, buying a home also comes with responsibilities and costs, such as maintenance, repairs, and property taxes. It also requires a significant upfront investment, including a down payment, closing costs, and potentially renovation costs. On the other hand, renting a home in Kep offers more flexibility. It's a good option if you're not sure how long you'll be staying or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as it typically requires less upfront money than buying. It's also important to consider the local real estate market in Kep. If property values are rising, buying a home could be a good investment. But if the market is unstable or property values are falling, renting might be a safer choice. In conclusion, both buying and renting have their pros and cons. It's important to carefully consider your personal situation and financial goals before making a decision. Consulting with a real estate professional or financial advisor can also be helpful," remarked one foreigner who made the move to Cambodia.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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