LankaPropertyWeb Sri Lanka’s primary actual property platform celebrated its 15 yr anniversary since its inception on the twenty second of April 2022. The actual property firm was based in 2007 providing digital listings for the true property market in Sri Lanka. At the moment, it’s the largest actual property platform within the nation offering a whole service in property shopping for, promoting, and investing.
The 15-year celebration marks a big milestone within the firm’s historical past as now the web site has over 500,000 month-to-month visits from greater than 70 nations together with Sri Lanka. It has additionally develop into a pioneering platform in helping property patrons and sellers to attach nearly with out geographical restrictions.
Commenting on the expansion of the corporate, Daham Gunaratna, Managing Director of LankaPropertyWeb (LPW) mentioned, “Because the inception in 2007 as a digital on-line property portal, now we have expanded to many different areas all through the final 15 years, to assist the nation’s property patrons and sellers. Now LPW isn’t solely the No.1 property website but in addition operates the No.2 website as effectively, by means of Home.lk and likewise idealhome.lk, which helps owners and builders to seek out services. We plan to proceed our growth into the longer term years to deliver extra amenities, insights, and help to the general public to assist them with their property wants.”
In addition to providing a platform for digital listings, by means of its LankaPropertyWeb Analysis wing the corporate releases month-to-month data-based informative articles and content material on the Sri Lankan actual property market. Whereas LankaPropertyWeb Digital offers digital advertising options to nearly all of the true property brokers and property builders within the nation. Property patrons and buyers are additionally linked with legal professionals, valuers, and different property-related consultants by means of idealhome.lk and the Purchaser and Vendor Help service that was launched in 2018.
Since 2017, LankaPropertyWeb has additionally been organizing its annual property present, the Lanka Property Present. With the pandemic placing Sri Lanka, the initiative to launch the primary digital property present within the South Asian Area was taken up in 2020. The occasion had seen large success and can be hosted alongside the bodily occasion from right here onwards. The property present is Sri Lanka’s largest actual property gathering and with the digital property present, it has now managed to efficiently take away the geographical boundaries associated to the true property buy in Sri Lanka.
As part of this yr’s fifteenth anniversary, LankaPropertyWeb can be launching a brand new and improved advert posting and administration part, together with relaunching its app with upgrades to facilitate the acquisition and sale of property simpler.
Whereas the brand new upgrades make it simpler to put up and handle adverts from whichever gadgets you employ, it’ll additionally embrace new options and expertise which have develop into broadly utilized by property seekers around the globe for the reason that pandemic, similar to the power to shoot and add property movies and 360 walkthroughs straight from a regular smartphone, with out requiring any extra {hardware} or software program, which facilitates distant viewings of properties.
The launch of the make investments part in 2020 was one other important milestone for LPW in its 15-year journey. In Sri Lanka, the true property sector contributes as much as 6% of the GDP. Whereas the standard rental yield from an residence for lease in Colombo quantities to six% and the return on funding is 8%. Nevertheless, as a result of lack of economic literacy, the variety of investments going down is low and people profiting off of those are much less.
“Within the dynamic actual property sector of Sri Lanka being the No. 1 property portal of the nation, LPW is getting prime properties out there on the market in Sri Lanka. Going a step additional LPW analysis and technique workforce evaluates these properties with a sequence of inner and exterior analytics and advises actual property buyers to make viable funding choices making their property search simple and quick. We’ve got supported first-time homebuyers to multi-billion tasks just like the Port Metropolis Colombo in making their choices,” commented Tharindu Jayarathne Head of Analysis & Technique of LankaPropertyWeb.
The make investments web page consists of options like a Return On Funding (ROI) calculator, a listing of high funding alternatives, trending properties, and all the main points on why you ought to be investing in Sri Lankan actual property.
LankaPropertyWeb additionally launched a whole Property Shopping for Information earlier this yr in all 3 languages Sinhala, Tamil, and English, providing patrons, sellers, and buyers data on shopping for, promoting, and investing in property in Sri Lanka. The information compiled together with business specialists and legal professionals is aimed toward bridging the hole within the lack of awareness in the true property market in Sri Lanka.
Persevering with on with the custom this yr as effectively LankaPropertyWeb can be internet hosting the Lanka Property Present 2022 nearly and bodily on the twenty fifth and twenty sixth of June whereas celebrating its fifteenth yr anniversary. Extra particulars on the occasion can be launched within the close to future.