What do I need to know when buying property in Sri Lanka?
When we asked expats what advice they would give a foreigner before buying a property in Sri Lanka, they said...
"1. It is important to research the local market and understand the current trends in the area you are looking to buy in. 2. Make sure to get a lawyer to review any contracts or agreements before signing. 3. Be aware of any taxes or fees associated with the purchase of the property. 4. Consider the location of the property and the potential for future development. 5. Make sure to check the title deed of the property to ensure it is free from any encumbrances. 6. Be aware of any restrictions or regulations that may affect the use of the property. 7. Consider the cost of living in the area and the availability of amenities. 8. Make sure to inspect the property thoroughly before making a purchase," commented one expat who made the move to Sri Lanka.
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What do I need to know when buying property in Sri Lanka?If you live in Sri Lanka, newcomers to Sri Lanka would love to hear your answer to this question: