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CategoriesBlog Investments

Why investing in the real estate industry a wise choice?

Real estate business is a popular investment option that has been around for ages. It is known to provide a stable source of income, capital appreciation, tax benefits, and portfolio diversification. In this article, we will discuss why real estate business is a good investment and what factors to consider before investing.

Why Real Estate Business is a Good Investment

  1. Stable Source of Income: Real estate investors can generate a steady stream of passive income from rental properties. Unlike other investments, real estate income is not subject to market volatility.
  2. Appreciation of Asset Value: Real estate properties tend to appreciate in value over time, resulting in significant capital gains for investors.

  3. Tax Benefits: Real estate investment comes with a host of tax benefits. The IRS allows investors to deduct expenses such as property taxes, mortgage interest, and maintenance costs from their taxable income.

  4. Diversification of Investment Portfolio: Real estate is an excellent way to diversify an investment portfolio. By investing in real estate, investors can spread their risk across different asset classes.
  5. Control Over Investment: Investing in real estate gives investors greater control over their investment. They can actively manage their real estate investments by making improvements to the property, raising rents, and controlling the overall value of the property.

Factors to Consider

  1. Location: Location is a crucial factor in real estate investment. Investors should consider the proximity of the property to amenities, transportation, and job centers.

  2. Market Trends: Investors should also research market trends in the area they intend to invest in. Understanding the current and future market trends can help investors make informed decisions.

  3. Property Condition: The condition of the property is essential when investing in real estate. Investors should inspect the property thoroughly before investing and ensure that it meets their standards.

  4. Financing: Investors should consider their financing options and choose the one that best suits their needs. They can use their savings, take out a mortgage, or partner with other investors.

  5. Potential Risks: Real estate investment comes with risks, such as market fluctuations, natural disasters, and unforeseen expenses. Investors should have a contingency plan to mitigate potential risks.

In conclusion, real estate business is a good investment option that provides a stable source of income, capital appreciation, tax benefits, and portfolio diversification. To invest wisely, investors should consider various factors such as location, market trends, property condition, financing, and potential risks. By doing their due diligence, investors can reap the benefits of real estate investment and achieve their financial goals.

CategoriesBlog Investments

Top areas in Sri Lanka to invest in a holiday getaway home

Top areas in Sri Lanka to invest in a holiday getaway home

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.

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CategoriesBlog Sigiriya

Reasons why the Tourists love the Sigiriya Lion’s Rock

Reasons why the Tourists love the Sigiriya Lion’s Rock

Sri Lanka was identified for its natural resources, astounding irrigational and engineering capabilities, strategic location and importantly hospitality since ancient times. Sigiriya Lion’s Rock in Sri Lanka is one of the most fascinating places (also a UNESCO declared heritage site) that is considered as the 8th wonder of the world resulting it to be a tourist hot spot. 

“Sigiriya” is in the central hills of Sri Lanka surrounded by mountain ranges and vast landscapes of greenery. The Sigiriya rock is located predominantly surrounded by thick jungles. At eyesight this might not make sense as the surrounding looks pretty simple and plain. However, the cherry on top of the climb is once you climb to the top. 

Once you reach the top you will see a vast area of thick forest spreading across landscapes predominantly with flat land and a couple of significant mountain ranges in the vicinity. Climbing Sigiriya is not a difficult task and hopefully the following Sigiriya Rock Fortress Guide will help you enjoy this world wonder.

As a result of this historical monument today Sigiriya is one of most popular tourist destinations. The area has been seeing some recent developments as “the Kingdom – Sigiriya”. We at Global Housing and Real Estate (Pvt) LTD have ensured to preserve nature, heritage while tactfully building modern, luxury living creating a difference in the real estate market for hotel residencies in Sri Lanka.

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CategoriesBlog Investments

Here’s why you won’t regret investing in Sri Lankan real estate

Here’s why you won’t regret investing in Sri Lankan real estate

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 

  • The country is in a Major shipping route that connects South Asia, Far East and the Pacific with Europe and America 
  •  Is near emerging Southeast Asian economies and Middle Eastern countries
  • Has a Strong air connectivity and is a major tourism hotspot. 
  • Is a Part of the One Belt, One Road initiative. 

02 Has a Conducive business environment as the country was identified as one of most conducive countries into business. 

03 infrastructure development (e.g.: Megapolis development plan, projects to improve external and internal connectivity, TRACE Expert City project etc.)
 
04 Multitude of On-going national development initiatives (The Lotus Tower project, The Beira Lake development).

05 Finally for the property developers and those keen in investing in a residential, leisure apartment Sri Lanka is expected to reach an urbanization rate of 31.6% by year 2030.
 
 

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CategoriesBlog Negombo

Things you can do in Negombo beach

Things you can do in Negombo beach

“Negombo ” is an underrated coastal destination in Sri Lanka which holds a great significance and attracts many tourists. Located in the western coast of the island it is only 10-15 min away from the Bandaranaike international airport is the perfect place to start a relaxed vacation. 

Picture the sunny beaches and the amazing hospitality that this tiny island offers. The beauty of Negombo is that it is located on the shores of the Negombo lagoon which had been a significant trading port to both the Portuguese and the Dutch. The scenic western coast beach is just a short drive from the metropolitan city; Colombo and is often the ideal retreat for busy locals and travelers looking for a quick escape of calm and quiet away from the hustle and bustle.

Being not too far away from Colombo the things to do in Negombo Beach are seemingly less at a glance. However, the experience and the unique activities that take place in Negombo Beach is what makes this coastal area all the more beautiful and a must try.

Some of the famous activities in Negombo Beach are.

Finally, no destination is complete with accommodation and at Global Housing and Real Estate (pvt) LTD we have identified the destination as a potential market with growth in the real estate sector and our upcoming development project Ocean Breeze – Negombo is the perfect example of Holiday Residencies in Sri Lanka.

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CategoriesBlog Investments

Post Covid effect on the Sri Lankan property market: What to expect

Post Covid effect on the Sri Lankan property market: What to expect

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.

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CategoriesBlog Nuwara Eliya

Nuwara Eliya has become a paradise for motorsport enthusiasts

Nuwara Eliya has become a paradise for motorsport enthusiasts

Development projects of Luxury Hotel Residencies in Sri Lanka has been a hot topic in the recent past and the real estate market shows a growth trajectory in the years to come. Oftentimes these projects were only planned for in and around Colombo. 

However, as the real estate landscape has been taking a different turn today we see a shift in development projects of Traditional apartments, Luxury Hotel Residencies or mixed developments already in place in suburbs and cities away from Colombo such as Sigirya, Nuwara Eliya etc.

At Global Housing and Real Estate (pvt) LTD we are the #1 hotel residency developer in Sri Lanka for the mere fact that we ensure to do our homework on the location to ensure a return on investment for us and our investors. 

During our research on the hill country Nuwara Eliya was identified as one of the most successful locations for the multitude of activities happening in and around this small town in the hills. It is today a paradise for motorsport enthusiasts and there are so many motorsports events taking place throughout the year attracting many tourists, motorsports enthusiasts. 

Some of the famous events that take place in the hills are 4 x 4 race in Nuwara Eliya, Nuwara Eliya Mud Challenge, Diyatalawa foxhill supercross , Nuwara Eliya road race etc.

The Motorsports / Racing industry in Sri Lanka attracts a very specific audience and this includes some elite families in the country, foreign travelers and the youth that travels from across the country. Since the events are at minimum 2-3 days long the spectators definitely require good accommodation, and this is one of the key reasons that Grand Residencies – Nuwara Eliya made sense to us and why it makes sense for you as a potential investment.

At a glance Nuwara Eliya is all about the good weather, gardens, waterfalls and a multitude of picturesque landscapes and a variety of farms. However, a closer look at this tiny city and you will be surprised by the number of activities that take place throughout the year.

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CategoriesBlog Sigiriya

Top things to do in Sigiriya

Top things to do in Sigiriya

Sigiriya is an iconic destination in Sri Lanka that has been visited by thousands and thousands of locals and tourists to-date remains an architectural marvel, which is often considered to be the 8th wonder of the world. “Sigiriya Rock” is a landmark that boasts the irrigational, engineering and the remarkable architectural capacity of our ancestors. 

Climbing the Sigiriya rock is a must do if you are planning a trip to Sigiriya. However, if you are seeking for more information about the surroundings, activities and some of the things to do in Sigiriya, here is a simple guide that will help you plan the trip better.

These are some of the top things one can do in Sigiriya.

When looking at the accommodation options, there are tons of hotels, hostels, resorts and apartments available in and around Sigiriya depending on your requirements. Team at Global Housing and Real Estate (Pvt) Ltd understands the requirements of the visitors and carefully curated our latest project “The Kingdom”. It is one of the largest real estate projects in place that is designed purely for leisure as a means of escape from the chaos; perfect for those who seeking a Luxury Hotel Residency in Sri Lanka. We recommend you give “The Kingdom” a chance and you will be mesmerized.

 

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CategoriesBlog Nuwara Eliya

Top things to do in Nuwara Eliya

Top things to do in Nuwara Eliya

“Nuwara Eliya” A beautiful city offering landscapes of beautiful lush greenery, a temperate climate (the closest to winter Sri Lanka will have) and many picturesque waterfalls in the central hills of Sri Lanka. This city is a blessing in disguise and one of the popular destinations for both foreigner and locals to escape from the ever so tropical island life.

Despite being a small city there are a variety of places to visit and things to do in Nuwara Eliya and the list unfolds from sightseeing, botanical garden visits, hikes, and beautiful temple visits etc. Some of the Top Attractions in Nuwara Eliya are; Horton Plains National Park, Bluefield Tea Gardens, Gregory Lake, Lover’s Leap Falls, Sita Temple, Pedro Tea Factory, Shri Bhakta Hanuman Temple, Hakgala Botanic Gardens, Bomburu Ella Waterfall, Victoria Park of Nuwara Eliya, Ambewela Farms, St Clair’s Falls, Moon Plains, Devon Falls, Damro Labookellie Tea Center and Tea Garden.

The beauty of this city is that it has something to offer to everyone. A Stroll in Victoria Park and a little picnic, A Boat ride in the Gregory Lake or even a trek to Horton falls. Another exciting thing around Nuwara Eliya is for the Waterfall Junkies; it is the perfect place to go hunting for waterfalls and you will never know what you will stumble upon. Hidden jewels of beauty in the hills.

Traveling to Nuwara Eliya means you must do at least a stayover to enjoy the city at night and to experience the weather and what the city has to offer you. In the past the tendency of all travelers both foreign and locals was to stay over at hotels and holiday homes but with the real estate market taking an unexpected turn in Sri Lanka there have been some amazing projects that have and are coming up in the hill country offering traditional Apartment, Hotel Residency or Mixed developments. This has been a game changer in the real estate world and for tourists and locals as well.

Being the Number 1 Hotel Residency Developer in Sri Lanka at Global Housing and Real Estate (pvt) LTD, our newest development in the hill country is Grand Residencies – Nuwara Eliya. The Property is developed in a perfect serene location with a charming natural landscape that harmoniously combines with the temperate weather to create the perfect getaway for our clients. 

It is the perfect combination where Leisurely indulgence meets luxury and modernity making it perfect sense for seasoned investors or first-time buyers. With this development coming into place Nuwara Eliya has become a perfect destination for Leisurely travels, explorations and even for residence purposes (for those who want to get away from the city life)

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CategoriesBlog Investments

Top reasons to invest in Sri Lankan real estate market

Top reasons to invest in Sri Lankan real estate market

Lately Real Estate Investment in Sri Lanka has been a hot topic amongst investors and as result of the demand there has been a massive rise in developments of New Apartments in Sri Lanka. A probing question from most of our potential investors / buyers has been why Sri Lanka and what are key reasons to invest in our tiny island. Well, here is why we at Global Housing and Real Estate (pvt) LTD believes Sri Lanka should / could be your next favorable investment.

Picture a view from a sky rise apartment where the ocean is the first thing you wake up to and the crashing waves, salty breeze is the last thing you experience before bed. Being called the paradise island in the Indian ocean offering multiple landscapes of Ocean, Lush greenery and everything nature could offer, this is just a glimpse of modern day living in Sri Lanka.

Located in a strategic geographical location, our tiny island is right in the center of a commonly used trade route in the global market and is also rich in so many natural resources. Even though the country is considered a developing nation it is home to a vigorously growing metropolitan city and upcoming global hub; Colombo and Port city respectively are big selling points.

On the other hand, Sri Lanka is also a popular tourist destination and as result attracts many investors and elite locals who are seeking for property investments as the growth potential in the real estate markets have been showing great hikes.

As per market research, insights and with the experience we hold being the #1 Hotel Residency Developer in Sri Lanka it has come to our attention that there are a multitude of Upcoming Apartments in Sri Lanka, and we assure our clients that we bring a combination of different product categories to the table so that it allows them to suit the best investment that will enable large returns over time. 

Our developments range from traditional Apartment, Hotel Residency or Mixed developments. Some of our upcoming projects are Ocean Breeze – Negombo (bringing in the best of the coastal of Sri Lanka), Marriott Residencies – Colombo 06 (an upcoming project that brings modern living and comfort amidst the hustle and bustle in Colombo), The Kingdom – Sigiriya (a beautiful project that meets heritage and modernity), Grand Residencies – Nuwara Eliya (a project that will open doors to experience the beautiful hill country).

According to real estate market experts, if the property development and real estate market continues to grow Sri Lanka might even be the next Singapore.

 

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