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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 the 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 travellers and businessmen, Sri Lanka real estate was 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 categories to 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 the property listed on reputed portals like Lanka property web. These property spans from luxury houses, story houses, small modern and luxury villas with 2 to multiple bedrooms. While Colombo ranks high in the house for sale, as a result of many businesses 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 apartments from the commercial capital and slowly moving into the suburbs. 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. Apartments for sale are the most expensive form of real estate in Sri Lanka. However, inconvenient locations areas like Dehiwala, Wellawatte, Colombo 04, Mount Lavinia you will find mid-range apartments with around 04 bedrooms. 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, through Colombo currently resides on top, we can also see a rapid increase in demand for lands for sale in suburbs of the commercial city.