by Nayana Mawilmada, Sector Head, John Keells PropertiesReal estate in central Colombo has been inaccessible to a majority of Sri Lankans for quite some time. So if you want your money to continue growing – or at the very least to preserve its value – real estate may be your best bet. Investing in real estate, however, is not without risk; and in a crowded marketplace, potential investors should carefully consider their options. Interest rates are locked in at 8.75% for five years, or nine percent for 10 years with the Commercial Bank. Ultimately, if you pick the right real estate product in the right location, and have the discipline to look medium term and ride out the current turmoil, you will likely do very well.

Source: The Nation December 06, 2020 01:10 UTC