This thriving city Colombo, which is also dubbed the commercial capital of Sri Lanka, is a place that has an extremely well-rounded premium property market. Whether it is a house and land for sale in Colombo district, home with lands, an apartment in a residential area of Colombo or a commercial property, there is a high demand for it all.
If you are a foreigner, you can always purchase the properties for sale in Colombo through a local partner, in order to evade the heavy taxes imposed by the government for all non-citizens. Make sure that you select the right plot for the right purpose and that you make a proper inspection before you purchase. Similar to when dealing with properties for rent in Colombo, ensure that you proceed through a lawyer to validate your purchase.
Most of the properties in the Colombo map where significant developments are being carried out or have been completed, are on a long-term lease. These property types may range from simple bare land to more advanced land plots with buildings, found especially at a walking distance to the Galle road. Examples of such practices can be found in Colombo lands near the Beira Lake.
Given the demand for commercial land for sale in Colombo, most people also tend to expand their search to the suburbs. As such, the demand for lands for sale in Colombo 3, 4, 7and 5 has increased over the years among investors seeking to expand businesses and developers constructing apartment complexes. This has resulted in extreme price hikes, even for a 6 perch land for sale in Colombo.
In terms of foreign investments, a majority of the lands are on a 99-year lease, which is mainly advantageous in terms of reducing the heavy taxes.
Buy land in Colombo, including Colombo fort land and land for sale in Piliyandala situated in the Colombo district. All you need to search for is land sales in Sri Lanka Colombo!