Loading.. Loading...
We will be back with our mobile friendly version.Sorry for the inconvenience!!
You are in › Home › Select › Details

Travel Articles

Keyword

Investing in real estate

For those looking to invest in real estate in Sri Lanka, there is no better time than the present, with the country’s civil conflict now an issue of the past. Along with economic development and growth currently being experienced in the country, there has also been an unprecedented interest in investment properties all over the island, especially the East coast which until a couple of years back was almost inaccessible.

As a major tourism destination, one of the sectors earmarked for immense growth over the next couple of years is tourism and leisure and is therefore understandably one of the best sectors to invest in. Its leading subsector for investment is accommodation - hotels, boutique hotels, guest houses and villas – of which there is understandably a great need for with growing tourist arrivals.

To achieve the required level of accommodation capacity and other services, the sector requires an investment of three billion dollars over next five years. Domestic residential, tourist accommodation and commercial real estate not only benefits from tourism but the government of Sri Lanka is also very active in promoting through incentives the concept of real estate investment and growth, which further makes it an attractive location for property investment.
Properties currently in demand are those located on the coastal belts of Sri Lanka, in the many seaside towns on the Southern and Eastern parts of the country.

Although one must be cautious when choosing properties to invest in and agents to deal with, several real estate agents in Sri Lanka provide genuine consultancy services for buyers, smoothening the process by advising buyers on all aspects of the property market and working with local agents located throughout the island, thereby being able to present a wide selection of property, from large hotel developments to small bungalows.

 

Recent Articles

Handlooms and Crafts of Sri Lanka

Sri Lanka is an island nation that prides itself on a long and rich heritage of art and craft with skills passed down from generation to generation by craftspeople who yet manage to incorporate a modern twist to the traditional designs.
Handlooms and Crafts of Sri Lanka

Wildlife in Sri Lanka

For one of the smallest countries in the world in land mass, Sri Lanka abounds with an awe-inspiring scope of eco-diversity, boasting one of the highest rates of biological endemism in the world. The main reason for this incredible diversity is the widely differing altitudes within the country, ranging from sea level to 2500 metres above sea level.
Wildlife in Sri Lanka

Gems and Jewellery

Popularly called the ‘pearl of the Indian Ocean,’ Sri Lanka has certainly lived up to this title over the centuries with a gem and jewellery industry that has had a rich and colourful existence; known as the land of gems throughout history, the country has been renowned for its rare stones for over 2,500 years.
Gems and Jewellery