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Sri Lanka’s Real Estate landscape at the start of the new decade – 2020

  • Auther:Admin
  • Date: 2020-06-02
  • Sri Lanka Real Estate Market Outlook 2020

The story

Sri Lanka’s Real Estate landscape at the start of the new decade – 2020

The real estate sector in Sri Lanka has seen rapid growth in the last decade, following the conclusion of a 30 year ethnic conflict.

The post-war landscape for real estate be it bare lands, both commercial and residential, as well as houses and apartments has seen renewed interest from both domestic and overseas buyers. A majority of the foreign interest in Sri Lankan real estate comes from expatriate Sri Lankans living and working globally. Particularly countries such as Australia, Canada, Great Britain have many Sri Lankans who have migrated but still have roots in Sri Lanka and want to hold on to some part of their Sri Lankan identity. Purchasing a bit of property in their homeland is one of the best ways to do this.

As per the Ubersuggest, “Lands in sri lanka for sale”, “Houses for sale in Homagama” and “Lands to sale in Sri Lanka” are some the highest searches on search engines such as Google and Yahoo.

Websites such as ikman.lk and lankapropertyweb.com are some of the most used online channels for these Sri Lankans residing overseas to find out about properties here in Sri Lanka. According to the Ubersuggest, the search for “house for sale in colombo ikman.lk” is the most popular search on the ikman.lk website.

Given this landscape, companies such as Real Lands (Company Name: Real Lands & Properties (Pvt) Ltd) are dedicated to provide end-to-end solutions to potential land buyers in Sri Lanka. The company offers its clients access to lands in all the key areas of interest highlighted above. Real Lands has multiple land development projects in areas such as Homagama, Wattala, Negombo that are currently in high demand both domestically and internationally.

The company offers a fully-fledged service that ensures real estate buyers can enjoy the peace of smind of purchasing a property that;

  • has been properly wetted legally,
  • has clear, bankable title
  • has obtained all the necessary approvals and clearances from local government authorities and bodies,
  • has all amenities including water and electricity
  • has been professionally surveyed and has the exact land extent advertised
  • has adequate infrastructure in the form of roads and drains, as per the technical specifications of the local authorities

The fact that the Company offers a comprehensive product with all these features at some of the most reasonable prices in the industry, has been the corner stone for its’ success in the Sri Lankan Real Estate industry. Since its inception less than five (05) years ago, the Company has seen rapid growth. With it’s team of dedicated real estate professionals, Real Lands continues to offer the best value for money to its customers and with this, rise in the ranks to become a leading force in the Sri Lankan Real Estate landscape.