What will 2H 2016 bring for Sri Lanka’s real estate market?
Since the civil war ended seven years ago, Sri Lanka has rapidly become a hotspot for investment among emerging markets. It has become especially popular with those looking to invest in property. Chinese investors are particularly interested in investing in Sri Lanka, as demonstrated by China’s recent involvement in developing the upcoming Colombo Port City. Recent political moves such as the “Restrictions on Alienation of Land Bill” in 2014 are encouraging foreign direct investment (FDI). Furthermore, the construction of new buildings is on the rise, as is the demand for luxury property both in the capital, Colombo, and elsewhere.