There are many factors that have resulted in the massive developments in the real estate industry. The emerging markets around the world have an upward spiral effect on Sri Lanka too. Along with rapid urbanization and ground-breaking internet penetration, the government’s pro-real estate policy has created many opportunities to invest in the property industry in Sri Lanka.

Since the end of the war in 2009 Sri Lanka took revolutionary and unparalleled steps to rebuild the nation and this has gained the trust of both the locals as well as the foreign investors who has seen unprecedented opportunities that were rapidly arising in the island country. To put the icing in the cake, the government too is eager to foster commercial ventures through foreign investors to bring foreign currency into the country.

Since 2009, the country’s GDP has been rising at a steady pace. Foreign Direct Investment (FDI) has been increasing more than expected. FDI’s inward flow reached $944 Million in 2014, accompanied by a GDP per Capita of $3,819.20. With the increased strength in commerce in the country, people’s mindset too changed drastically to improve their own social standing. More and more business-minded individuals have materialized over the recent years.

Since recently Sri Lanka has changed from a 3^rd World country to that of a developing country. This change is due to the development activities initiated by the Rajapaksa government. President Maithripala Sirisena’s party too is contributing to the growth of the country and the fact that SLFP favors foreign investment is also making a big difference to the growth of the country.

The government’s initiative to invite foreign real estate investors has a blooming effect on the country’s development. Foreign or local investors are encouraged to invest their money in highly profitable commercial ventures.  Thus, now is the time to take the plunge and seek some professional advice. You will not be disappointed. You’ll be astonished when you realize how many lucrative and unparalleled opportunities there are available in the still almost-untapped real estate investment sector in Sri Lanka.

It is an emerging market which only a few are fortunate enough to relish. With the country’s blooming economic growth many clients are seeking to invest in apartments, office space, etc. When you have invested in real estate, you can have an upper-hand in been able to bridge the demand and supply the clients keeping a huge profit margin and make your calculated and expected investment a lucrative business.
                                                                                                                  Editor : Wathsala Rosie Fernando – Wolvert Digital