Wednesday, 14 October 2009

As the gunfire ends, Sri Lanka's property boom begins

With its 25-year civil war over, Sri Lanka is enjoying rising tourism - and the return of investors to the home market.

For somewhere the size of Ireland , Sri Lanka packs an alluring punch with its palm-tree-fringed beaches, colonial tea plantations, unique wildlife and ancient cities and temples. But the savage war that has raged for more than 25 years between the majority Sinhalese and the Tamil minority has had a devastating effect on the island's economy and tourism.

The insurgency was formally declared over last May when the last stronghold of the Tamil Tigers was taken, and the effect was immediate. By August, tourism was 35 per cent up on 2008, and enterprising locals are predicting a sharp revival of the island's economic fortunes.

Read more:

No comments:

Post a Comment