Foreclosures, however, are now few and far between. Distressed properties — foreclosures and short sales ) — make up just 2% of home sales today, down from a high of 49% in March 2009, according to the National Association of Realtors. The regular existing home market is very pricey, so investors are now turning to a new strategy: Buy new. And suddenly, the so-called build-to-rent market is exploding.
Due to the high price of real estate in Sri Lanka, rental properties are a more convenient alternative for many. Expats find a house for rent in Sri Lanka a cheaper option compared to houses for sale in Sri Lanka due to tax reasons. Vacation rentals are on a short term basis and ideal for tourists. But those who move to the country for the long term can find fully furnished houses with a range of facilities in highly residential areas. Air conditioned bed rooms are important, especially due to the tropical weather and hot summer days. Rent in Sri Lanka varies based on the location. In the city centre the average price of a single story, 1 bedroom house for rent is likely to be Rs. 40-60,000 while outside the city centre the rent is much lower between Rs. 15-25,000. A 2 to 3 bedrooms’ house is ideal for an average family with dining and living rooms, house located close to local amenities. The surrounding facilities also affect the house rent.
Description : All amenities society. Prime location. Close to it park, it crowded area. Fully greenness. Heart of the city. ... read more Luxurious flat in pestigious location. Very demanding on public. This beautiful property is located close to shopping and dining and is located in one of the modern areas in pune. Here are just a few of its wonderful features: Cozy, Kitchen cabinets, stainless steel sink, remodeled bathrooms, freshly painted. Water tank installed so you will have hot and cold water. Clubhouse for spare time activities. Bus stop, schools, markets, malls, you name it and you will have it in a stone's throw! It is facing vaastu compliant. If you are looking for a home with generator back up, intercom facility. Security & lift, this home is just right for you. As this home comes with air conditioner, fire safety, gas pipeline, rainwater harvesting, parking for visitors, house keeping & sewage treatment plant & more such amenities, living here would make life more pleasant. - view less