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Lankan property market soars amidst pandemic


Lankan property market soars amidst pandemic
Daily News (via HT Media Ltd.)
Sri Lanka has grown in popularity as a second-home destination for foreigners, despite tragedies such as the 2004 Indian Ocean tsunami and the Easter Sunday bombings of 2019, both of which caused mass casualties, a report published in the New York Times said.
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It said much of the country’s appeal has to do with a warm year-round climate, gorgeous beaches, exotic jungle locales, picturesque paddy fields and a population that to a great extent speaks English.
“Sri Lanka has a lot of very friendly people who are very hospitable,” said Pranesh Paramanantha, a real estate professional with Sri Lanka Sotheby’s International Realty. “There are a lot of tourists who are really attracted to this country, and tourism is a major driving factor for the real estate market.” ....

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