Quote:
Originally Posted by AnotherPropertyGuy
Have a great trip to Sri Lanka CS. I'd be very interested to learn of what you discover regarding property while you are there. I also feel that the coastal regions, particularly in the south, have great potential. What I like about it is that even were an investment not to rise in value, the Sri Lankan people are warm and friendly, the climate is pleasant and the scenery is beautiful. So really, you can't lose.
Merry Christmas all.
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Hi AnotherPropertyGuy(APG) and others.
I just got back from SL after a really nice time. Great food, great weather, great people and great cricket.
There is definitely a lot of potential for tourism in SL and even in its current climate, new boutique hotels are charging $100 to $250 per night.
Property in Colombo is over inflated by the expat SL community buying holiday homes there. In the centre of town a new 2 bed apartment will cost from $230 000 - $340 000!
I really cant understand why the prices are so high given the slightly unstable political and economic situation there.
The government has scraped the cease fire and the Tamil Tiger rebels are expected to cause a lot of disruptions in and out of Colombo.
I am looking closly at buying an off plan there. I found a good project being built by UK Sri Lankan engineers.
APG....are you looking at Sri Lanka seriously for investment?
CS