Pership has extensive experience in property management and construction. The core principles we adhere to are maximum safety and uncompromised quality.
House prices surged 17% nationwide during 2018 (16.3% inflation-adjusted) to an average of LKR 34.03 million (US$ 194,670). Quarter-on-quarter, house prices increased 4.9% (4% inflation-adjusted) in Q4 2018.
Average house prices soared 50% y-o-y in Colombo, Sri Lanka’s capital city, (45.6% inflation-adjusted) to LKR 165.74 million (US$ 948,124) in 2018.
Despite the economic crisis. Sri Lanka’s real estate market still offers extremely lucrative investment opportunities. Sri Lanka’s overall real estate market is resilient and has always recovered as seen in the past.
According to the Land Value Indicator (LVI) for the Colombo District conducted by the Central Bank of Sri Lanka, there has been an appreciation of land value by 9.5% in the first half of 2021, compared to 2020.
Investing in real estate is an excellent strategy against inflation as land prices will continue to appreciate. Adding to this trend, we see the condominium market attracting foreign investors making the cosmopolitan life a reality in Colombo.
Talk to us about your property investment strategy, we have the expertise you are looking for in Sri Lanka.