Due to the high price of real estate in Sri Lanka, rental properties are a more convenient alternative for many. Expats find a house for rent in Sri Lanka a cheaper option compared to houses for sale in Sri Lanka due to tax reasons. Vacation rentals are on a short term basis and ideal for tourists. But those who move to the country for the long term can find fully furnished houses with a range of facilities in highly residential areas. Air conditioned bed rooms are important, especially due to the tropical weather and hot summer days. Rent in Sri Lanka varies based on the location. In the city centre the average price of a single story, 1 bedroom house for rent is likely to be Rs. 40-60,000 while outside the city centre the rent is much lower between Rs. 15-25,000. A 2 to 3 bedrooms’ house is ideal for an average family with dining and living rooms, house located close to local amenities. The surrounding facilities also affect the house rent.
The only operating expense for landlords is the landscaping. In addition, the rents for single family are growing fast at 4.5% annually now compared with 3% rent growth for multifamily apartments, according to John Burns Real Estate Consulting. There is also much less turnover in single-family rentals, and the rental market is much less volatile than the home sales market.
Description : A 3 bhk flat for rent in wagholi, pune is available. It is a spacious and thoughtfully designed apartment. This apa... read morertment with two balconies is a part of raviraj ozone villas. This apartment has 3 bathroom(s). The 3 bhk apartment has a super built-Up area of 2600 sq. Ft. The built-Up area is 2200 sq. Ft. The carpet area is 1900 sq. Ft. It is on the ground of 1 floors and is available for all. It is a furnished apartment with 3 wardrobe(s), 3 bed(s), 1 modular kitchen, 1 fridge(s), 3 ac(s), 1 geyser(s), 1 sofa(s), 1 dining table(s), 5 fan(s), 5 light(s), 1 stove(s), 1 washing machine(s), 1 water purifier(s), 1 curtain(s) and 1 exhaust fan(s). This apartment has a 10-Meter wide road at the front. The flat is east facing with vitrified flooring. It is a 1-5 year old property in a gated society. The society offers full power back up. There is one open parking and one covered parking. The expected monthly rental of this apartment is rs. 25000/-. Some of the additional costs include securit - view less
In 2017, 37,000 homes were built as rentals, according to the National Association of Home Builders. That grew to 43,000 last year, or just under 5% of total single-family housing starts. But that is just homes built and held by builders for rent and doesn't include those sold directly to investors, so the numbers are likely larger and growing more quickly.