Real Estate Market in Sri Lanka (Colombo)
We have had a few investors approach us to gain perspectives on niche areas of real estate development interest in Sri Lanka. We are trying to gauge the current local and foreign demand for real estate in Sri Lanka. Please help by taking the below survey and pass on to your contacts.
We will be sharing the results of this survey with all those that indicate interest in the completed survey.
(Will take approx Protected content
- Sri Lanka my Dream Home’ program by the Government of Sri Lanka, allows people from all over the world who fulfill certain criteria, to stay in Sri Lanka on a Long Term Resident Visa.
-Residence visa valid for 02 years which is renewable, will be granted to any foreign national over 55 years of age.
-Should remit US$15,000 or the equivalent in an approved foreign currency and deposit them in a fixed deposit account in an approved Commercial Bank in Sri Lanka.
-A monthly remittance of US$ Protected content the equivalent in an approved foreign currency for the principal applicant and US$ Protected content the equivalent in an approved foreign currency for each spouse and dependent child* for their upkeep (if accompanied by spouse/children) in a savings or current account in an approved Commercial Bank in Sri Lanka.
-The government is encouraging more foreign participation and has reduced the tax obligations of international buyers.
-Condominium accommodation from the 6th floor upwards of a registered condominium apartment constructed with the approval of the UDA are exempt from a 100% property tax. Under this legislation foreign investors and foreigners are allowed to purchase state land.
-Sri Lankan resident abroad who purchase special bonds would be allowed to buy land in the country without the Protected content % transfer tax.