Teardrop island is back in demand

Sri Lanka has become a hot destination for international property investors – two years after the end of a decades-long civil war.

 The renewed interest is driving up prices, especially for developable land. Several resort and second-home projects are being built, targeting the type of investors and buyers who have been focusing on such destinations as Dubai, Spain and Mauritius in recent years.

"Now is the moment in Sri Lanka that everything is happening," says Magda Knop, a property agent based in France.

Ms Knop is working with a Belgian developer building three coastal villa projects and is hoping to attract buyers from Asia, India, the Middle East and Europe.

Source: TheNational.ae