Sri Lanka's property prices continue to rise!
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Property prices continue to rise in Sri Lanka, as the security situation stabilises. There’s no official house price data in Sri Lanka, but developers and homebuyers confirm there have been double-digit property price rises in recent years. The value of apartments in the secondary market has risen more than 100% in the past 3 to 4 years, say local real estate analysts. Land prices in residential areas of Colombo, the capital, have gone through the roof.
However, a period of high inflation and higher construction costs mean that the real rise in property values is less than appears.
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