A combination of low interest rates and the launch of real estate-focused financial products is leading a trend towards investing in apartments, according to John Keells Holdings Vice President, Head of Sales and Marketing (Property Group), Nadeem Shums. Sri Lanka’s financial sector has reached a phase of low interest rates - for fixed income products and housing loans. Together with strong...
The slowdown in property price gains in Sri Lanka’s capital Colombo (disinflation) had ended with a near double digit annual gain, according to an index compiled by the country’s Central Bank. Land, residential and commercial property prices inflated a little under 20 percent in 2018 amid a strong economy recovery where pro-cyclical liquidity injections to target an output gap triggered a currency...
“Sri Lanka’s real estate industry is the frontier that will uplift and elevate the nation, on a global scale,” says a hopeful (Eng.) Ranjith Gunatilleke – the current President of the Chamber of Construction Industries of Sri Lanka, a Chartered Engineer and an entrepreneur in the construction industry. Eng. Gunatilleke entered the real estate and construction industry in 1976 serving as a Civil...
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