Buying A Property in Sri Lanka for Foreigners and Expats - 2024 What Are the Rules and Regulations for Expats and Foreigners Buying and Renting Property in Sri Lanka? Foreigners can buy apartments/condominiums from the ground level up, but they cannot purchase land on freehold terms. Land can only be leased for up to 99 years. Condominiums, defined as a group of residences with shared facilities, can be...