Growing Trends of Apartment Buyers in Sri Lanka

Apartment Layout at The Tranquility

 As you might have already noticed, hundreds of apartments are being built and the city of Colombo is undergoing a vast change in its skyline. Many high end super luxury apartments are becoming the talk of the town. The experts at Mister T have been following the apartment trend very closely since the year 2009 and it is time to share some concrete market information on this apartment business and what has happened in the last six to seven years.

In Sri Lanka – Apartment Layout Matters More Than The Size!!!

Sri Lanka is undergoing a rapid change in terms of the lifestyles or living styles of its people and more and more interest is being generated especially towards the apartment style of living! When we break this down into the types of locals who find great comfort and solace in securing an apartment, the reasons can be quite interesting:

Sri Lanka after the war

A large number of Sri Lankan fled the country during the war and perhaps never thought of coming back but now the mindset has changed at this juncture, with the country blossoming like a flower without any terrorist related wars, the interest of these Sri Lankans to come back and settle down is certainly a very positive decision and is heavily backed by the number of apartments that are being built. The apartment market is growing especially when it comes to considering the Sri Lankan expats who are making plans of coming here either for retirement or to settle down!

Young & Old People living in Sri Lanka

The young people who prefer to be free and independent have realized that they have a perfect solution to keep their privacy in tact especially when they tie the knot or are about to tie the knot. The experts at Mister T have consulted a number of young couples who seem to be quite happy to move into an apartment in order to lead their busy lives conveniently than to be living with parents or being disturbed by the in-laws. They need that space. Many young couples either buy or rent apartments to start their nuptial lives. On the other hand, young people who are single also look at this option of renting or buying an apartment because they know that living alone is a good way to look at the world differently and learn how to do things on your own.

When we talk of the old people, they are more laid back and they too are looking for apartments either to buy or rent because they are too tired of maintaining a big house and a big house is anyway too big for an old person, couple or family. The experts at Mister T have observed that a number of old couples have sold their houses which are in prime location and have instead invested in not one but two or more apartments where they live in one and rent the other(s) and thereby create an income whilst having an FD in the bank. Sounds a like a really good plan if you are living in a house in the city.

 Why the layout matters and what’s in the market!

Back in the day, the market did not have many apartments to pick and choose from, but now with nearly 4000 apartment units and the number is rising at an amazing rate, buyers are able to analyze and then come to a decision. In the past, the buyer views the apartment, perhaps checks one or two and then confirms but nowadays, the buyers are very vigilant, they are on the lookout for something with a ‘wow’ factor and are happy to wait, most of them are so savvy that they even know how to negotiate, such is the situation in the apartment market as we compile this article.

Sri Lankans are prone to living in big, spacious houses and in most cases, it’s an absolute turn off when they see small sized apartments being built everywhere. Even when we take Sri Lankans who are living abroad, they live in fairly large spaces. At this point, it must be pointed out that the layout of the apartment can fool you and make you feel different, hence the importance of understanding and recognizing the good and bad layouts. Certain apartment complexes have layouts that just do not make sense while the others do and some of them make perfect sense. At Mister T, the emphasis has always been to look out for the better apartments and making several visits to this apartment block in Nawala, the experts readily agree that the apartment layout is by far the best and most practical that is in the market at the moment.

In order to ensure that the experts at Mister T are not biased and do not wish to demean any other development, please to info@mistert.lk if you wish to know more about this particular apartment complex or want to visit the compound and see for yourself on why the layout is the best and most practical when it comes to living in an apartment.

www.mistert.lk

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