Buying property

Buying property as an expat is very risky, yes??? I am Australian and looking for a holiday house in Asia.

Sorry for the late reply, it is not really possible for a foreigner to purchase lands in Sri Lanka at the moment without a very large investment and all kinds of government special approvals.

However, you may be able to buy land if you have a 51% local (silent) partner, especially if you do in a local company name, but this is a risky thing to do and you should really have the advice of a very good lawyer.

Good Luck!

You could consider a 99 year lease, with the option of conversion to an outright purchase in the event laws change and foreigners can purchase property. 

This is safer than having someone else owning 51% of your freehold.

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