Wednesday, 13 October 2010

Sri Lankan real estate holds up in tense times

'Resilient" is the word that almost everyone is using to describe Sri Lanka's housing market - and its economy in general.
Despite a long-running armed conflict and the 2004 tsunami, "Sri Lanka is one of the best countries around in which to have real estate," said Lalitha Saleem, senior manager of Ceylinco Housing & Real Estate, which is developing one of the Sri Lankan capital's largest new developments. "The market can go up very fast, showing high returns."

(Source: NY Times)

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