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.
International Herald Tribune - 27th March 2008 - http://www.iht.com/articles/2008/03/26/properties/resri.php
Amberlamb - Sri Lanka Property investment facts 2006
- http://www.amberlamb.com/index.php/a/m/property-investment-in-sri-lanka/
Financial Review
23 September 2003 - http://afr.com/articles/2003/09/22/1064082925032.html
Daily News - 4th
July 2003 - http://www.dailynews.lk/2003/07/04/bus12.html
Daily News - 29th May 2003 - http://www.dailynews.lk/2003/05/29/new22.html
TIME
Asia - March 2003 - http://www.time.com/time/asia/magazine/article/0,13673,501030303-425937,00.html
BBC News - 11 September
2002 - http://news.bbc.co.uk/1/hi/business/2250776.stm
