Property updates
Apr 8th, 2009 | By admin | Category: About Sri Lanka, Beach Properties, Commercial Properties, Inland Properties, Location Guide, News
Sri Lanka has been emerging from a generation of unfortunate political and social turbulence - one that has resulted in the country being unable to a large extent to realise its tremendous potential. At the same time the very troubles that have held it back have protected it from untramelled development. As the peace process established in December, 2001, takes root and changes the dynamic of the land, what was recently improbable now becomes excitingly possible. (Since 2006 this peace agreement has unfortunately been tested and troubles have again resurfaced in the North and East of the island - a development that has lead to us suspend our activities in the beautiful coastal areas around Trincomalee. Whilst we caution any buyers from investing in this area, the market in the south and central areas of Sri Lanka is still extremely buoyant and relatively risk free).
Apart from the change in the socio-political climate, the island has been blessed by nature with the most extraordinary and varied beauty. From endless palm-fringed beaches to tea carpeted and mist-enveloped hills, its varied landscape and climate makes it the most bio-diverse island of its size in the world. Combined with nature’s bounty is an extremely rich cultural heritage that boasts a number of world heritage sites and many examples of man’s early triumphs of civilization.
Below, we will be adding articles as we come across them that relate specifically to the real estate market in Sri Lanka. We hope this will help to give you a balanced picture of the prospects of the country in general and of the property market in particular.