Real Estate in Colombo, Sri Lanka

Last updated on Jan 05, 2023

Summary: The average cost of a nice 2 bedroom home in Colombo, Sri Lanka is around $200,000 USD. A nice 3 bedroom home in Colombo is around $250,000 USD. These properties typically include modern amenities such as air conditioning, hot water, and a kitchen. Some may also include a balcony or terrace. Foreigners are allowed to purchase property in Colombo, however, they must obtain permission from the Central Bank of Sri Lanka. An expat should search for a home to buy in Colombo by using online real estate portals such as LankaPropertyWeb.com or LankaRealEstate.com. They can also contact local real estate agents for assistance. The most desirable neighborhoods in Colombo are Colombo 7, Colombo 8, and Colombo 5. These areas are known for their high-end shopping, dining, and entertainment options.

How do I find a place to live in Colombo?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"If you are looking for a place to live in Colombo, there are a variety of options available. You can search online for rental properties, or contact a local real estate agent to help you find a suitable place. Additionally, you can look for rental postings in local newspapers or on bulletin boards in the city. You can also ask friends and family who live in Colombo for recommendations. Once you have narrowed down your search, you can visit the properties in person to get a better feel for the area and decide if it is the right fit for you," remarked one member in Colombo.

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About the Author

Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.