Consultants for Foreigners Buying Property in Sri Lanka
Last Updated: February 2014
We are Sri Lanka property consultants catering to foreigners seeking to buy property in Sri Lanka for the purposes of investment, development, residential, and vacation use. All properties in our portfolio have been personally inspected by us to ensure our portfolio represents the very best property Sri Lanka has to offer.
We primarily assist foreigners with the acquisition of beach lands for land-banking, hotel development, and villa development. We are able to source beach land island wide. For villas and villa plots for foreigners seeking to live permanently or have a vacation home in Sri Lanka, we generally focus on property within the Galle and Matara Districts due to the modern amenities and numerous beaches that can be found there. The cities of Galle and Matara, which are the capitals of the respective districts, are major commercial hubs within Southern Sri Lanka. Both are modern cities home to Sri Lanka's leading international schools and private hospitals. In particular, the Matara District is home to Southern Sri Lanka's most popular beaches and surfing points including Weligama, Mirissa, Talalla, and Dikwella.
When it comes to compiling our portfolio of Sri Lanka property, the emphasis is on quality not quantity. Typically we focus on property which offers at least one of the following - an attractive beach, a great view, or excellent value for money. Thereafter, we assess the location of the property. Initially we determine whether the property is within a reasonable distance of Bandaranaike International Airport. We then look at the amenities within the local area including supermarkets, banks, private hospitals, international schools, and restaurants. Within the property itself, we also assess availability of utilities including mains electricity, water, drainage, broadband, satellite television, etc. For those interested in developing or investing in real estate, we also indicate nearby established up-market hotels and villas as well as any in-progress development projects.
Buying Sri Lanka real estate as a foreigner can initially be daunting due to seemingly prohibitive legislation preventing freehold property ownership by non-citizens. However, like in property investment hot-spots such as Indonesia and Thailand, there are solutions. To successfully navigate these various regulations and loopholes requires the knowledge of a specialist Sri Lanka real estate professional. As such, we work exclusively with foreigners providing advice on the acquisition process for foreigners, tax incentives for foreign developers, tax planning, and privacy-protection offshore ownership solutions.