INVESTMENT PROPERTY IN SRI LANKA FROM 5 095 💷 GBP

Location:
SRI LANKA
Category:
INVESTMENT PROPERTY
Type:
Development Land
Beds:
-
Currency:
£ GBP
Prices:
-
Results:
1 listings
# 27668462 - £5,095 - Development Land, Batticaloa, Eastern Province, Sri Lanka

Yield:

Contract Term:

Finance:

Opportunity: **Attention all Investors** Prime building plots of land for sale, located within one of Sri Lanka's Tourism Development Zones. Veduva Holiday Village offers easy access to the best that Sri Lanka has to offer!

6

Ironshore Global Investors

Based in: England

Telephone: 02081440155; 07525481315

listings

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№: 27668462

Studio - Land Investment

Invest From: £5,095

Batticaloa, Eastern Province, Sri Lanka

Land Investment
Browse investment property in Sri Lanka - invest in real estate from 5 095 💷 GBP on TheMoveChannel.com.

Sri Lanka’s growth into one of the 🌎 world’s favourite holiday destinations has been nothing if not impressive. From the stunning blue seas to the idyllic landscapes and those all-important low living costs, millions are flocking to Sri Lanka’s golden sands each year. From an investor’s perspective, this of course makes for an ideal buying opportunity – especially since the government’s scrapping off the 100 per cent land sale tax imposed on all foreigners buying in. However, a further update to national laws in 2013 rendered it impossible to buy land outright, bringing in a new restriction limiting foreign investors to 99-year leases. Taxes and fees vary between 5 per cent and 10 per cent, which isn’t bad considering the astonishing demand for holiday lets all year-round.

Development land has the potential for developing real estate on a larger scale than an individual building plot. Planning permission may already be in place for a project, such as a resort, a community of residential properties or commercial real estate, or the land may require further investment and promotion in order to start development.

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