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Property Market Q1 2021: COVID-19 vaccine rollout an important role
While the current environment of once-again eased restrictions offers room for improvement in Q2 2021, the property market is expected to put in a mixed performance for the duration of the year while pandemic-related uncertainties persist. With the availability and rolling out of the COVID-19 vaccine throughout the country, the National Property Information Centre expects…
‘Real-estate needs quick rebound’
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…