Sri-Lanka: A great country for Real Estate Investment
When it comes to selecting where to move abroad there is a whole world of locations to pick from. A key factor to keep in mind is the quality of life along with affordable costs. Luckily for you we have a country that offers this. In this article we are going to provide you with all you need to know about real estate in SriLanka
The Sri lankan government approved plans for an investment migration program that would allow investors to obtain long-term visas in the country in exchange for acquiring real estate properties in the county.
How do i apply?
The county board of investment create the program with the following requirements that depending on the amount of money you invest the time of the duration of the program
you can invest usd 200.000 in an urban area property with this you can be eligible for a 1o-year visa
you can invest usd 150.000 in an urban area property with this you are eligible for a 5 year visa
you can invest usd75000 in a suburban area with this you are eligible for 5 year visa
companies that invest usd 500.000 in an urban or suburban area with this you are eligible for a 5 year visa
This will expand the opportunities for foreigners from any country to buy and invest in real estate in Sri lanka. investors from countries like china,india, south korea, russia have already heavily invest in this project
What benefits are there for me?
Strong dynamic growth and development
Political stability and social tolerant harmony
Foreign investors enjoying freehold rights for condominiums
Educated and multilingual young talent
High capital gains in a beachfront real estate sector
Beachfront properties half the price compare to Bali or Thailand
But it also has some cons, you have to always check that your buyer is a genuine seller. there are properties which do not have proper deeds. I may build on government property or on an encroached piece of land. the solution for this it to always involve a lawyer and check the validity of the deed.
So, if you are interested in finding out more about real estate programs and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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