As the Sri Lankan economy develops, so does its real estate. Following the end of a 30 year civil war 10 years ago, business confidence grew rapidly. Sri Lanka now ranks high among global tourist destinations. Tourism sector expansion calls for more properties in Sri Lanka than ever before. Lands for sale in Sri Lanka are used to build holiday bungalows while beachfront lands for sale are in high demand for hotels. In Colombo, Kandy, Galle and other developed cities around the island which are included in the Sri Lanka map are in high demand as commercial lands for sale. Due to this, even a 5 acre land for sale costs a lot. A land sale in Sri Lanka in prime locations or on the marine drive is ideal for mixed property development, luxury malls, apartments and star hotels. While the Galle Road is a favoured commercial spot since, it has an active bus route, connecting to different parts of the western province and other regions. And those owning such lands to sell in this area charge high prices per perch. Regarding a house and land for sale in this area, it is a substantial investment, and the value always shows an upward trend among the range of lots available for sale.
The number of new hotel rooms in the past few years has also increased, thanks to the boost in tourism. Many international fashion brands and food chains have opened outlets in many parts of the country. This creates pressure on people selling land and properties for rent in Sri Lanka, in close proximity to busy roads and heavily populated cities. Rising income level motivates real estate companies in Sri Lanka to focus on delivering superb house designs and additional facilities. This is because there is a huge market for houses for sale in residential areas. When developing new properties for sale, builders prefer bare land for sale as these give them the freedom to use it as they prefer. Most have got approval to construct up to 3 floors. A 10 perches land for sale within walking distance to the main road is a popular type of property. It is convenient and spacious enough to build a luxury house or a commercial space.
Certain lands in Sri Lanka offer amazing scenic views, especially outside Colombo, where there are large areas of paddy fields and plantations. There is also coconut land for sale among many other types of agricultural land for sale. The Central Province offers profitable tea land for sale in Sri Lanka. Many acres are divided into smaller plots in Sri Lanka by land sale companies and sold as 6-13 perch land to suit a small family-sized house and a car park. Individual house land, for sale included, is also commonly advertised around the island. Some of these are ancestral property or with an old house, ideal for renovation. There is also a trend within the accommodation sector to buy such properties for sale in sri lanka and rent it out as a holiday home. Meanwhile, a few key factors determine the success of a land for rent and house sale in Sri Lanka. One is the road condition, such as whether the property is located near carpeted roads. Second is the history of natural disasters and third, the neighbourhood.