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.
Apartments for rent in Sri Lanka mostly have 2 to 3 bedrooms with attached bathrooms. These offer common facilities. Luxury houses and properties listed on popular real estate websites usually offer sustainable energy and eco-friendly sources such as solar powered hot water systems. 5-6 bedroom houses designed elegantly are suitable for both offices and residence purposes. These have car park area for multiple vehicles, easy access to main road and indoor or rooftop pools. When you rent houses in Sri Lanka usually a 6 month security deposit is required. The rent will be higher for furnished houses and apartments. But this is more convenient than buying new furniture and fittings, especially for expats interested in long term rent. Meanwhile, an annex for rent in sri lanka is a cost-effective option for individuals or small families. These are likely to be a small house for rent and have a living room, bedroom and a common bathroom.
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The city of Colombo is where the economic future of the country is being decided on a daily basis. In fact, neighborhoods besides the Galle road seems to be flourishing with plenty of new businesses from local as well as foreign investors. Many BPOs and KPOs are located within the heart of this city and jobs are far easier to find compared to other parts of the country. Because of this, properties for rent in Colombo, such as a fully furnished house for rent, annex for rent in colombo or rooms for rent for rent in colombo, is a common sight throughout the city. As such, when it comes to leasing, the properties in Colombo for rent are some of the best, found in Sri Lanka. Whether it is a luxury house in a residential area, an apartment, a land or a commercial space, there are numerous options available for a prospective tenant who is on the lookout for an affordable rental property.
"We've got clients, multiple, well over a couple billion dollars worth of capital looking to place in this space," said Michael Finch, executive vice president at SVN/SFRhub Advisors, a new Phoenix-based commercial brokerage firm focused on single family rental and build-to-rent investment portfolios. "They are looking to acquire 5-6,000 homes in the next two years."