Glyn Ramsay. Home Design. January 14th , 2018.
With the growth of the economy in Sri Lanka, there has been an increased focus on the real estate market within the island as well. Due to the higher concentration of development occurring closer to the capital city Colombo, it has also increased the demand for property either for purchase or rent in the vicinity. But such rapid developments and increased demand has also led to a scarcity of free land available. Since the need to buy home properties has to be provided with a solution, many leading apartment builders have begun several projects to provide potential homeowners with viable solutions to choose from. This sort of developments is supported by statistics that indicate that the entire Western province covers only 6% of the countrys land areas but close to 28% of the population seek to make their homes in the area.
When you consider purchasing such properties you should be prepared for making the investment. The main decision you would need to make would be in relation to whether you actually want to buy apartment space or you still would like to look out to buy home in the form of a separate house. As a primary consideration when you invest in real estate you would need to decide on the space or size of home. Normally houses in Sri Lanka tend to cover about 2700 sq ft while an apartment would generally fall in the range of 1000 to 1500 sq ft. In addition apartments tend to offer additional services such as security, cleaning, waste disposal and other recreational facilities that are normally not available with separate housing units. But on the other hand, you might want to consider the following that are normally not available with apartments.
Locations/ Neighborhoods: Like any other major city in the world, prices vary by per different neighborhoods and zones. Most expensive apartments are all found on the South Zone (called "Zona Sul" in Portuguese), specifically in the following neighborhoods: Ipanema, Leblon, Lagoa, Copacabana, Flamengo and Botafogo. Barra da Tijuca, once a separate beach neighborhood, also offers some very luxurious flats and residence services, but you need to have a car to drive around since public transportation is limited there. Ipanema, Lagoa and Flamengo have been considered the safest neighborhoods, since prostitution is heavily combated in those areas. Copacabana is a universe on its own, with a many apartments to choose from. Copacabana is one of the most famous neighborhoods in Rio, with night-clubs, beach and lot´s of culture. Need some one liner neighborhood highlights? Here they are: Ipanema: Fashion shops, trendy restaurants, and gorgeous beach. Leblon: upscale shopping mall, excellent restaurants and bookstores. Lagoa: nice park, tranquil night kiosks around lagoon; Copacabana: wide apartment selection, public transport, eclectic environment. Flamengo: family type neighborhood, Flamengo Park, famous street bars. Barra: beautiful beach, Miami hype constructions.