By Madhusha ThavapalakumarThe prevailing pandemic has brought large changes across all sectors and Sri Lanka’s real estate market has been no exception. The pandemic and its unforeseen impacts – including frequent curfews, limited travel, job cuts, and wage reductions – have a profound negative impact on the country’s real estate market. Therefore, The Sunday Morning Business this week is taking a look at Covid-19’s impact on Sri Lanka’s real estate market. Measures to safeguard the real estate marketAs per the report that has been referred to write this article, more fundamental reforms in policies will have to be devised at the national level in order to attract foreign investment into the real estate market, despite the prevailing situation. Furthermore, real estate companies must consider old and new funding options to shore up cash in the short term.

Source: The Nation December 05, 2020 18:45 UTC