Poland’s Property Market Under Pressure from Demographic Trends
Poland remains an active real estate market but faces a serious demographic challenge.
The fertility rate in 2023 was 1.18, and it is projected to drop further to 1.12 within the next five years. The number of births is expected to fall below 270,000 per year, and the working-age population will decrease by over 1 million. The society is aging — by 2030, 30% of Poles will be over 60 years old. The country’s total population will be in decline.
This means that demand for housing in Poland may shrink, and an oversupply of residential properties over time will reduce investment profitability.
Cambodia: A Young, Growing Market
Cambodia has one of the youngest populations in Asia, with a median age of 25.6 years. In 2025, the country’s population will reach 18 million, with projections showing growth to 19.2 million by 2030.
Urbanization, the rapid development of Phnom Penh, and the inflow of foreign capital are driving the real estate market.
Real Estate Market in Phnom Penh
Forecasts for 2025 predict growth in the residential property market of 5–10%. Over 70% of new projects are high-quality condominiums, and 30% of transactions are financed through credit. Phnom Penh is shifting from a speculative market to one of sustainable growth.
Comparison with the Markets in Thailand and Vietnam
🇹🇭 Thailand:
- After stagnation and declines during the pandemic (2020–2022), housing prices have grown modestly — about 1.2% annually.
- In 2025, the government is supporting the market by liberalizing lending conditions (100% LTV).
- The market remains cautious and vulnerable to oversupply.
🇻🇳 Vietnam:
- Hanoi: +72.4% in housing prices (2019–2024)
- Ho Chi Minh City: +34.3% (2019–2024), but a –2.5% correction in Q3 2024
- The market is now rebounding after credit regulations — high growth potential, especially in Hanoi.
🇰🇭 Cambodia
- Faster real estate market growth than in neighboring countries.
- Higher share of premium projects.
- Lower entry threshold and USD currency increase investment security.
How can foreigners invest in real estate in Cambodia?
Country | Condominium (apartment) purchase | Land purchase |
Cambodia | ✅ Yes (from the 1st floor upwards) | ❌ No (possible through leasehold or nominee structure) |
Thailand | ✅ Yes (up to 49% of the building) | ❌ No (through a company with a Thai majority) |
Vietnam | ✅ Yes (50 years + extension option) | ❌ No (state land) |
Summary
Investing in Cambodia is a strategic diversification move for Polish investors:
- young population
- stable currency (USD)
- dynamic urbanization
- growing demand
- simpler property acquisition rules
Compared to Thailand and Vietnam, Cambodia offers a lower entry threshold, more stable conditions, and faster growth in its capital, Phnom Penh.
For investors seeking protection from the consequences of a shrinking demographic, Cambodia may prove not only an alternative but an investment necessity in the coming decade.
We invite you to contact us if you are interested in investment potential and real estate in Cambodia.
Telegram (English, German, Polish): @Relocatify
Whatsapp (English, German, Polish): +855885581957 Mobile +855885581957
If you are in Poland, have a chat or meet with Marcin Lewandowski, Relocatify’s ambassador:
Mobile/ Whatsapp (English, Polish) +48 503 048 687 Telegram: @dvd_dvd