Sri Lanka is identified as one of the top destinations for expats to invest in vacation homes. Possibility to find some of the best affordable real estate in Sri Lanka is another major reason for investors to consider investing in Holiday Apartments in Sri Lanka. Today the market is so dynamic and attractive that we see a tendency of Asians from neighboring countries like India, Pakistan opt to buy a second home or a vacation home on this paradise island.

Already being recognized as the #1 Hotel Residency Developer in Sri Lanka at Global Housing and Real Estate (pvt) LTD we have identified some prime locations that are suitable and potential market holiday homes in Sri Lanka. 

Mainly the most common and popular is the southern coastal area which houses some beautiful beaches and coastal views. Then we have the central hills also known as the hill country that accounts for some scenic landscapes of lush greenery and mountain ranges. Finally, the aforesaid being two extremes of preferences there are also other areas in the island that offer beautiful getaways that are ideal for holiday homes.

To make it easier for you to narrow down the locations to fit the liking here is a brief list of locations and what they offer.

Real Estate in Sri Lanka is currently a trending topic and the one of the few markets that is depicting signs of a growing trajectory. Real estate and property development is likely to be a flourishing market in the future and here is why we think that an investment in Sri Lankan real estate is not a bad idea.

Being known as a developing nation the country houses some of the top real estate companies in Sri Lanka and the quality of the projects that are in place makes it a reasonable decision to invest. Especially factoring in the return on investment as the market continues to grow.

We at Global Housing and Real Estate (pvt) LTD has been the #1 Hotel Residency Developer in Sri Lanka and we have been in business for almost two decades providing some quality projects across the country and we are recognized to provide some best real estate Investment opportunities in Sri Lanka.

If you are a seasonal investor or a fresh investor inquiring for information, seeking for the potential investment opportunities in the country we are here to guide you and to help you find the best suitable property for your liking. 

The country despite being a small island has a lot of new developments and projects that will overtime be a focal point in the real estate landscape in the country. One of the key projects in place that has made it more attractive for investors to consider Sri Lanka is the “Port city project” that is projected to attract local and internal elite investors. Simultaneously the country is also focused on infrastructure development such as highways, road development that creates a positive outlook for the global economy encouraging investors to consider Sri Lanka as a potential real estate market. 

In summary the most legit reasons for you as an investor to consider Sri Lanka are.

01 Strategic importance 

Real Estate and construction are a breadwinner in the Sri Lankan economy and has a massive supply chain connecting small to medium enterprises in Sri Lanka and is a key industry that creates a number of job opportunities. As a result of the restrictions imposed to contain / minimize the health impact from Covid19 the industry had to take a toll as the safety precautions imposed came at a great expense of property developments coming to halt, unemployment in the industry skyrocketing. The effect of Covid for Sri Lankan Real Estate has been a hot topic in the Real Estate News in Sri Lanka as there had been continuous unprecedented challenges causing severe disruptions both socially and economically.

At Global Housing and Real Estate (pvt) LTD the past two years has been a rollercoaster journey and something we haven’t experienced or anticipated being in business for almost two decades. As per our market analysis experts the extent of the impact and the progress to recovery will all depend on how the virus progresses and currently this is the most crucial and uncertain factor in the equation thus, the uncertainty remains on the trajectory of recovery in economic activity.

Even though the real estate is identified as one of the Best Investments in Sri Lanka currently it is anticipated that there will be potential delays in all investment activities in the months to come. Predominantly owing to the constant fluctuations and uncertainty in the market. As a ripple effect of the lock-down and limitations in financing there is an evident slowdown in the developments, constructions, and the engineering sector.

We are constantly evaluating options on how our activities can resume to gradually return to a new normal where health and safety of the workforces will be a priority. However, ease in restrictions might not be the only factor holding the industry back as we rely on countries such as China, India for raw materials. 

Therefore, post pandemic recovery for the real estate and development market requires a lot of planning, anticipation and will depend on local and global covid impacts. The constant fluctuations and uncertainty is likely to impact on our prevailing cost structures, limited manpower and constant changes to our development timelines.