Quote:
Originally Posted by AnotherPropertyGuy
Yes, I'm looking at Sri Lanka seriously. I'm also considering other countries. Once I've narrowed it down, I'll research specific areas and then go and visit them myself. I've been wanting to go back to Sri Lanka for some time. It'd be good to know someone who already owns property in Sri Lanka and understands the system.
I'm trying to find a great place to invest about £100,000.
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Hi APG,
you can definitely invest £100000 in SL and get a lot for your money. The 3 bed $320 000 I was talking about was in amoung the most expensive area in central Colombo. This is an off plan develpment over looking the sea near the British and US embassy and close to all the best restaurants and shops. But outside Colombo you can get much cheaper deals. I am intereted in this because I feel it is easy to rent to good foreign clients who are working in Colombo. I have a friend who only buys and sells land from people who are desparate to sell and he makes amazing profit. Also you can buy beautiful coastal land and build villas overlooking the sea for cheap.
I was wondering, how one can borrow mortgage loans from UK banks for property investments in places like Sri Lanka? Any advice?
CS