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If you are looking to purchase a property in Sri Lanka or even get your hands on real estate in Sri Lanka, here’s what you need to know. Post 30 year long civil war which ended in 2009, Sri Lanka managed to grow economically as you’ve never seen before. The country developed its infrastructure and improved its tourism sector allowing people across the world to come into the country. With the rapid in-flow of travelers and businessmen, sri lanka real estate and villas for sale were able to gain recognition as a great investment destination. The country’s wide range of properties was able to cater to the growing needs of property seekers making property for sale in Sri Lanka the most popular type of investment. Property in sri lanka can be categorized into 3 main sectors. Residential property in Sri Lanka for sale, commercial property for sale and lands for sale.
Sri Lanka has always been a country with high residential value. For this reason, There are many Sri Lanka ads on property listed on reputed portals like Lanka property web. These properties span from luxury houses, story houses, small modern and luxury villas with 2 to multiple bed rooms.While Colombo ranks high in houses for sale, as a result of many business fostering in every corner of the city, more and more buyers are purchasing houses outside of Colombo to avoid the hustle and bustle of the city. Recently the country saw a rapid growth in the supply of properties such as apartments from the commercial capital and slowly moving into the suburbs like Ratmalana and Kottawa.
As families keep shrinking from the traditional multi families to modern and small families, vertical living is considered as an affordable and sustainable form of living. As a result, apartments for sale are the most expensive form of real estate in Sri Lanka. This has motivated developers to move to the suburbs like Kiribathgoda and Maharagama where properties for sale in general are in high demand.
However, in convenient locations like Dehiwala, Wellawatte, Colombo 04 and Mount Lavinia, you will find houses for sale and mid range apartments with around 04 bedrooms with a beautiful home design. These apartments provide easy access to the Galle road. One of the reasons why lands in Sri Lanka are considered to be a great investment option is due to the sense of long term security it provides. This is where most investments spring. In terms of its demand and price level, though Colombo currently resides on top, we can also see a rapid increase in demand for lands for sale in sri lanka in the suburbs of the commercial city.