Although the overall trend in Sri Lanka’s luxury real estate segment remains positive, caution needs to be exercised with respect to two fundamental market determinants in the real estate industry, warns a recent research report. According to the recent research report titled ‘Sri Lanka Real Estate Market Brief’ done by KPMG in association with Research Intelligence Unit (RIU), since, there are a finite number of expatriate Sri Lankan’s living in the West who have already been at the frontline in picking up luxury apartments since the end of the civil war, the peak levels of their interest in Sri Lankan real estate maybe either fast approaching or even possibly behind us in which case the rate of demand growth is likely to slow down.
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(Source: The Nation)
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(Source: The Nation)
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