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Nawala, Dehiwala and Rajagiriya continue as property hot-spots : Report
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LankaWeb – Lanka Property Show 2023 Showcases a Resilient and Booming Sri Lankan Real Estate Industry to the World
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LankaWeb – Property Prices in Sri Lanka Remain Positive and Stable in Q2 Despite COVID Waves: LankaPropertyWeb
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Lankan property market soars amidst pandemic Daily News (via HT Media Ltd.)
Sri Lanka has grown in popularity as a second-home destination for foreigners, despite tragedies such as the 2004 Indian Ocean tsunami and the Easter Sunday bombings of 2019, both of which caused mass casualties, a report published in the New York Times said. © Getty Representational image
It said much of the country’s appeal has to do with a warm year-round climate, gorgeous beaches, exotic jungle locales, picturesque paddy fields and a population that to a great extent speaks English.
“Sri Lanka has a lot of very friendly people who are very hospitable,” said Pranesh Paramanantha, a real estate professional with Sri Lanka Sotheby’s International Realty. “There are a lot of tourists who are really attracted to this country, and tourism is a major driving factor for the real estate market.”
By Lanka Property Web
With the recent changes in the law welcoming expat Sri Lankans to purchase property in the country, LankaPropertyWeb interviewed Attorney at Law Saminda Jayasekara regarding the feasibility of this option and the barriers to overcome in the process.
As a local, there
are no restrictions on purchasing property in the country. Whether it is owning
a land, apartment or investing in a commercial property, you have the liberty
to select among a range of options available in the market.
However, as a
foreigner, there are certain restrictions. While the option of purchasing a
residential or commercial condominium property is available, with lands they