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Sri Lanka

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Sri Lanka's real estate market has been growing steadily in recent years, driven by the country's strong economic growth and increasing foreign investment. The country's strategic location in the Indian Ocean, coupled with its improved infrastructure and business-friendly environment, has attracted a growing number of international investors and expatriates.

In Sri Lanka, the real estate market is divided into two segments: residential and commercial. The residential market includes both houses and apartments, while the commercial market includes office spaces, retail spaces, and industrial properties.

The demand for high-end residential properties, particularly in Colombo and its suburbs, has been increasing rapidly in recent years. Many foreign investors and wealthy Sri Lankans are purchasing luxury apartments and villas in prime locations. However, the market for middle and low-income housing remains largely underserved, and there is a significant need for affordable housing.

The commercial real estate market has also been growing, driven by the increasing demand for office and retail spaces. Many international companies have set up operations in Sri Lanka, leading to a rising demand for office spaces. Meanwhile, the growth of the country's middle class has led to an increase in demand for modern retail spaces.

Overall, Sri Lanka's real estate market has significant potential for growth, but there are also challenges such as a lack of transparency, bureaucratic hurdles, and limited financing options. However, with the government's efforts to streamline the regulatory framework and encourage foreign investment, the real estate sector in Sri Lanka is expected to continue to grow in the coming years.

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