Glyn Ramsay. Home Design. December 30th , 2017.
In previous times, real estate agents and property developers focused more on offering stand-alone houses for sale. But now, with the limitations highlighted above, these developers have looked to offer those who want to buy home units the option of choosing from luxury apartments. It has been found that the demand to buy apartment that fall into the luxury category comes from the Sri Lankan community as well as foreigners. Such investments made in relation to own properties in Colombo area have also shown high increase in popularity. As per the statistics gathered up until 2015, there have been close to over 2600 luxury apartment units and it is further estimated that this number could reach close to 6000 units by 2019. Such luxury units are also found to be available for those who wish to rent an apartment, giving rise to more and more apartments for short term rent being offered.
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.
IF YOU DONT KNOW WHAT YOU WANT, YOU WONT FIND IT HERE.I quickly learned that sometimes too many options can be (almost) as frustrating as too few, and came down with an acute case of "analysis paralysis" trying to sift through the dozens of possibilities I had before me. Initially, all I really knew was that I needed a place to live and that I wanted it to be somewhere on Floridas Gold Coast, that vast region stretching from West Palm Beach south to the Florida Keys. With the Atlantic Ocean bordering the region to the east and the everglades to the west, I felt fortunate that my region of interest was fairly narrow, even if it had been longer than I would have preferred.