Since the turn of 2021, a surge of activity in real estate has been noted; January 2021 has seen the highest number of visitors to leading property portals such as LankaPropertyWeb. The trend has continued on similar other sites such as House. lk. According to experts in the industry, the property market has improved significantly since December 2020, with many inquiries being made. Studies have revealed that Colombo, which houses upscale – luxury apartment complexes such as Cinnamon Life, ranked first in rental property searches in both 2019 and 2020 followed by similar metropolitan areas. This shows that Colombo real estate and similar metropolitan properties are still in demand, irrespective of the pandemic hit.
There was also a rise in land searches in January compared to that of the same month last year. Moreover, the market has also observed a substantial increase in the number of sales being closed during January, making this a splendid period to take the maximum advantage out of the low land prices before they increase.