Due to the high price of real estate in Sri Lanka, rental properties are a more convenient alternative for many. Expats find a house for rent in Sri Lanka a cheaper option compared to houses for sale in Sri Lanka due to tax reasons. Vacation rentals are short term basis and ideal for tourists. But those who move to the country for the long term can find fully furnished houses with a range of facilities in highly residential areas. Air conditioned bed rooms are important, especially due to the tropical weather and hot summer days. Rent in Sri Lanka varies based on the location. In the city centre the average price of a single story, 1 bedroom house for lease is likely to be Rs. 40-60,000 while outside the city centre the rent is much lower between Rs. 15-25,000. A 2 to 3 bedrooms’ house for rent is ideal for an average family with dining and living rooms, a spare room and in an area located close to local amenities. The surrounding facilities also affect the house rent.
Apartments for rent in Sri Lanka mostly have 2 to 3 bedrooms with attached bathrooms. These offer common facilities. Luxury houses and properties listed on popular real estate websites usually offer sustainable energy and eco-friendly sources such as solar powered hot water systems. 5-6 bedroom houses designed elegantly are suitable for both offices and residence purposes. These have car park areas for multiple vehicles, easy access to main road and indoor or rooftop pools. When you rent houses in Sri Lanka usually a 6 month security deposit is required. The cost will be higher for furnished houses and apartments for rent. But this is more convenient than buying new furniture and fittings, especially for expats interested in long-term property for rent rather than short-term house rentals. Meanwhile, an annex for rent in sri lanka is a cost-effective option for individuals or small families. These are likely to be small houses for rent and have a living room, bedroom and a common bathroom.
Popular areas like the Galle Road are important business hubs and offer plenty of commercial property. Multi story house owners sometimes let out their ground floor for business outlets or offices. Renting property is all too common among businesses too. Lands for sale in Sri Lanka has been experiencing a rise in value with the ever-increasing demand for real estate from both locals and foreigners. New business start-ups have triggered a range of property developments such as mixed developments, luxury condominium and modern houses in different parts of the island. Luxury houses for rent are a growing market within properties in Sri Lanka. Since popular cities such as Colombo, Galle and Kandy fall into the high price zone in Sri Lanka, cheap houses for rent are a cost-effective option for many in current times. The country’s low cost of living and unique natural beauty makes this a wonderful living destination.