High rates of return for beach front property investments on Sri Lanka’s West Coast
“Beachfront property along the West Coast is seeing the highest rates of return in Sri Lanka, averaging a 10% yield or greater. While rentals are predominantly seasonal, these returns reflect longterm rental rates. In addition, areas such as Negombo are more affordable and result in better investments when compared to those on the Southern coast,” according to Eranga Welikala, Managing Director of Pinnacle Residencies (Pvt) Ltd, who has many years of experience in the local real estate sector.
Pinnacle Residencies, in partnership with Floreat Homes (Pvt) Ltd, recently launched the luxury beachfront condo development, 333 Pinnacle, in Negombo. Exclusive Property marketing and sales for this development is carried out by My Property Pvt Ltd, a premier real estate company in Sri Lanka with a global outlook. My Property Pvt Ltd is a wholly-owned subsidiary of Dwellings Group, Australia. More details are accessible via www.pinnacle333.com.