How to Understand the Top Post-Covid Impacts on the Real Estate Market in Sri Lanka , An informative guide!
Lankapropertyweb conducted a recent study that revealed that most countries have experienced steep reductions and prices in real estate due to the COVID-19 pandemic. However, the property prices in Sri Lanka have been remaining steady during this period. Let us look at why you must invest in real estate now and not later. image via flickr Overview The house price index that was developed by Lankapropertyweb stated that key metrics like apartment prices, land prices and house prices have been stable between the first 2 quarters of last year, 2020. Overall prices for apartments were at their peak in early 2018 and dropped a little in 2019. There have not been significant shifts in the last few quarters. This presents a stark difference when compared to other countries like the United Kingdom, Singapore and Australia. The report provided by Nationwide, a mortgage lender, states that the United Kingdom witnessed a reduction in property prices of nearly 0.4% in June and then 1.7%...