Lankan Property Market Soars Amidst Pandemic – Trends Worth Noticing

Although Sri Lanka has been affected badly by the Coronavirus pandemic in 2020 and 2021, its real estate market has not shown a collapse. According to property developers in Sri Lanka, house prices went up by 20.7% over the year in the Q1 of 2021. Subsequently, the land prices have also gone up, and this trend is greater in the urban areas of the country including in Colombo.

Apartment schemes offered by John Keells Properties also show a higher demand as they always pick convenient locations for their housing projects. According to the experts in the industry, houses and lands in Sri Lanka are demanded by those in other countries as well particularly because of the warm, tropical weather in Sri Lanka throughout the year. The natural resources in Sri Lanka and the friendly community also are two other factors that attract people towards investing in real estate in the country.