In a financial perspective, apartments for rent in Sri Lanka provide many advantages compared to buying a house. It makes paying a large sum upfront as down payment unnecessary. The tenants can enjoy the benefits of a modern house at a fraction of the cost of purchasing apartments for sale in Sri Lanka. Most have 2-3 bedrooms, 2 bathrooms and air conditioned living spaces. This funds can instead earn a greater return by being deposited into a savings account. The financing factor has made Sri Lanka apartments for rent a popular option. Most of the apartments offer city or sea views. In recent years, Galle Road in Colombo and other highly residential areas have attracted more interest among tenants. There are many apartments around these cities at varying price levels.
Lands for sale in Sri Lanka within walking distance to town centres and important transportation hubs are of high value. These are then converted to apartment units. Fully furnished apartments and rooms for rent serve as holiday homes. They also suit long term residency, usually rented out when the owner migrates. The ones that offer amenities within easy access, fully air condition bed room and bathroom with hot water facilities come at a higher monthly rental. Rent in Sri Lanka largely depends on the location and the other services offered. A few factors that cause the rent to rise are luxury furnished ac bedrooms, cable TV, attached bathrooms and rooftop swimming pool. High quality pantry fittings and modern attach bathroom designs usually come with luxury properties.
Kolpity, Colombo 4, Rajagiriya and Nugegoda are few of the top commercial areas within Colombo with plenty of rooms for rent. Houses for rent in Sri Lanka are available around these regions too. Shangri La, Trillion, Havelock City and Prime Group heavily advertise their new real estate projects on a regular basis. A large population lives in Colombo and suburbs. There is a constant need to satisfy the housing requirements of locals and migrants who prefer to live in developed cities. Lack of space has made apartments in Sri Lanka a simpler solution. Around the clock security, readily available maintenance and lower utility costs are some of the reasons why vertical living suits modern lifestyles. It builds a sense of community because the common recreational areas and fitness centres are shared by the tenants.