High yields of 10% on the West coast of Sri Lanka
| Last Updated: Oct 28, 2005 | |||||
| Colombo | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 70 sq. m. | 55,000 | 250 | 5.45% | 786 | 3.60 |
| 100 sq. m. | 95,000 | 350 | 4.42% | 950 | 3.50 |
| 150 sq. m. | 180,000 | 600 | 4.00% | 1,200 | 4.00 |
| 200 sq. m. | 270,000 | 780 | 3.47% | 1,350 | 3.90 |
| 250 sq. m. | 330,000 | 920 | 3.35% | 1,320 | 3.70 |
| 350 sq. m. | 400,000 | 1,200 | 3.60% | 1,143 | 3.40 |
| 500 sq. m. | 600,000 | 2,000 | 4.00% | 1,200 | 4.00 |
| West Coast | |||||
| 120 sq. m. | 50,000 | 400 | 9.60% | 417 | 3.30 |
| 150 sq. m. | 75,000 | 600 | 9.60% | 500 | 4.00 |
| 200 sq. m. | 100,000 | 800 | 9.60% | 500 | 4.00 |
| 250 sq. m. | 150,000 | 1,400 | 11.20% | 600 | 5.60 |
| 300 sq. m. | 200,000 | 1,800 | 10.80% | 667 | 6.00 |
| 500 sq. m. | 280,000 | 2,500 | 10.71% | 560 | 5.00 |
| 800 sq. m. | 420,000 | 3,000 | 8.57% | 525 | 3.80 |
| 1,000 sq. m. | 500,000 | 3,500 | 8.40% | 500 | 3.50 |
| 1,200 sq. m. | 600,000 | 3,800 | 7.60% | 500 | 3.20 |
| Mountains | |||||
| 250 sq. m. | 60,000 | 250 | 5.00% | 240 | 1.00 |
| 500 sq. m. | 150,000 | 550 | 4.40% | 300 | 1.10 |
| Source: Global Property Guide | |||||
Beachfront property along the West coast has the highest yields, averaging 10%; some properties yield more than 11%. Rents are predominantly seasonal, but this figure reflects long-term rental rates.
Yields around the capital Colombo are much lower, at about 3.5%.
