Colombo property market is @ sky high
Look the JKH sales figures @ new project in Union Place
But, it seems things going slow now. OSEA results too confirm this hypothesis
Is it going to be glut of apartments here
Absorption seem to be low now
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Last edited by econ on Tue Apr 02, 2013 7:04 pm; edited 1 time in total
Property prices, like the prices of most commodities, are determined by demand and supply. Prices have reached current levels because of demand that was created in anticipation of an economic boom - which has not really happened.@WildBear wrote:I do not think there will be a bursting of a property bubble as in 2008-2009, Demand will be gradually rising and will start more rapidly rise if interest rates fall further. There was a recent research report by KPMG, according to them there would be an under supply of luxury property units in next 3-4 years when we consider the projects in pipe line are completed successfully. Would like to hear the views of property sector enthusiast like Antonym.
@econ wrote:I am expecting property bubble to burst in near future because Sri Lankan real estates are really expensive compare to income level of the people. There is no sustained asset price bubble in any where in the world. Good examples are Japan, US where they had massive burst affecting whole economy.
@UKboy wrote:Since 2011 i have been telling people not to invest in apartments/high rises. More than in those days now we can see the less demands for those ( in general). If you have money and dont wanna invest at CSE, then buy lands near to Colombo city. You will b a winner within 24/36 months.
When i say buy lands means buy it for the price you want to buy but not the price the seller wants to sell. Thats ur talent. You have to be ruthless in property business. If u wanna buy lands pls pls dont buy lands far from any main road. Its just wasting your money.
Investing in properties a very interesting subject..
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