Find Property and Real Estate expertise in Sri Lanka

With the improvement of the security situation and rising construction costs, property prices have been rising throughout Sri Lanka. This, in turn, has created an increase in the demand for home-loans but the mortgage market still remains relatively small at approximately 3.5% of GDP (2009). Sri Lanka’s small rental market is dominated by high-end luxury properties and the rental market is virtually non-existent for lower income renters. There are many property firms in the country including well-known names and franchises such as Knight Frank, Savills and Jones Lang LaSalle. Foreigners are free to purchase property in Sri Lanka but must pay a Land Tax of 100% of the property value.