Analysing Sri Lanka's Property market, investment options and latest property news in Sri Lanka
Thursday, 4 September 2014
Overseas buyers dominate apartment sales in Colombo, Sri Lanka
As prices of prime apartments rise in Colombo, locals have been priced out of the sector, which is dominated by foreign investors, non-residents and wealthy locals, says top agent, JLL
Most prime apartment projects in the Sri Lankan city of Colombo are purchased by overseas buyers, non-residents and wealthy locals, says a leading agent.
The Sri Lanka property market has seen rising property prices since 2009, thanks to improved confidence in the investment market and Colombo, the largest city and the commercial capital of Sri Lanka, is leading the way, says JLL India.