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Things to know - Real Estate in Sri Lanka


Looking to invest in property in Sri Lanka? Here's a concise overview of what you need to know. Since the end of the 30-year civil war in 2009, Sri Lanka has experienced significant economic growth, enhancing its infrastructure and tourism sector. This development has attracted numerous travelers and businesspeople, boosting the real estate market and making Sri Lanka an attractive investment destination. The real estate market in Sri Lanka is diverse, catering to various property seekers. The main categories include residential properties, commercial properties, and land for sale. Residential properties, in particular, have always held high value. Reputable portals like Lanka Property Web feature a wide range of listings, from luxury houses and modern villas to multi-bedroom homes.

Colombo, the bustling business hub, sees high demand for houses, but many buyers are now opting for properties in the quieter suburbs to escape the city's chaos. There’s been a notable increase in the supply of apartments, particularly in suburban areas like Ratmalana and Kottawa. As family sizes decrease, vertical living has become a popular and sustainable option. Consequently, apartments are the priciest real estate in Sri Lanka, driving developers to focus on high-demand suburbs like Kiribathgoda and Maharagama.

Conveniently located areas such as Dehiwala, Wellawatte, Colombo 04, and Mount Lavinia offer mid-range apartments and houses with easy access to Galle Road. These properties, often featuring around four bedrooms, provide both comfort and accessibility. Land investments in Sri Lanka are highly valued for their long-term security. While Colombo remains the top location for property demand and prices, there is a growing interest in land in the suburbs of the commercial capital. Investing in these areas is seen as a sound decision, offering promising returns.

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