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Oct 28, 2005

High yields of 10% on the West coast of Sri Lanka


Last Updated: Oct 28, 2005
Colombo COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
70 sq. m. 55,000 250 5.45% 786 3.60
100 sq. m. 95,000 350 4.42% 950 3.50
150 sq. m. 180,000 600 4.00% 1,200 4.00
200 sq. m. 270,000 780 3.47% 1,350 3.90
250 sq. m. 330,000 920 3.35% 1,320 3.70
350 sq. m. 400,000 1,200 3.60% 1,143 3.40
500 sq. m. 600,000 2,000 4.00% 1,200 4.00
West Coast
120 sq. m. 50,000 400 9.60% 417 3.30
150 sq. m. 75,000 600 9.60% 500 4.00
200 sq. m. 100,000 800 9.60% 500 4.00
250 sq. m. 150,000 1,400 11.20% 600 5.60
300 sq. m. 200,000 1,800 10.80% 667 6.00
500 sq. m. 280,000 2,500 10.71% 560 5.00
800 sq. m. 420,000 3,000 8.57% 525 3.80
1,000 sq. m. 500,000 3,500 8.40% 500 3.50
1,200 sq. m. 600,000 3,800 7.60% 500 3.20
Mountains
250 sq. m. 60,000 250 5.00% 240 1.00
500 sq. m. 150,000 550 4.40% 300 1.10
Source: Global Property Guide

Beachfront property along the West coast has the highest yields, averaging 10%; some properties yield more than 11%. Rents are predominantly seasonal, but this figure reflects long-term rental rates.

Yields around the capital Colombo are much lower, at about 3.5%.

  





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