Frequently Asked Questions - Real Estate

Frequently Asked questions about Real Estate in Sri Lanka through Kapruka

Just call us to get an appointment to see the property. If you are residing out of Sri Lanka you may send someone on your behalf to see the property. Please ask him to contact our office to get an appointment. If necessary we will provide you/ him transport to the location and will facilitate for negotiations with the owner of the property.
The legality of the property and the title clearance can be verified through a Title Report. If you are satisfied with the property, a Title Report, if requested, will be prepared for you by one of our lawyers. A nominal fee will be charged for this. You will be informed of the charges for additional legal and other services.
We will provide you all the details of services and facilities available (public and other) in the area. Just give us a call or send a mail.
The best way is to get a Valuation Report by a Licensed Valuation Officer. We will undertake to get you a valuation report. The other way is to check the land prices of the same locality. We maintain a database on the land prices and we will constantly update the database and be published in our website for your information.
If requested we will provide you all the information regarding bank loans and other banking facilities available at reputed state and private banks in Sri Lanka.
Regulations and restrictions vary on the location of the property. Regulations and restrictions imposed by a Municipal Council are different from those of an Urban Council. All such information will be provided to you once you have decided on a particular property.
The table below will give you a general guideline. This will be updated periodically with the changes in market prices:

Cost per square foot
Economy Class
House
Semi-Luxury Luxury Super Luxury
Rs. 1,800 Rs. 2,600 Rs. 3,100 Rs.4,000
You can appoint someone living in Sri Lanka to be your "attorney" with a Power of Attorney signed by you. Registration of such a Power of Attorney in Sri Lana can be undertaken by us once you have decided to purchase the property. Our panel of lawyers will be available for such legal services.
The government has imposed a different tax and laid down other regulations for foreign nationals in buying real estate in Sri Lanka. Details can be obtained on request. For Sri Lankan nationals the applicable statutory fees are:- 30US$ for the first 1,000 US$ of the purchase price plus 40US$ for each additional 1,000 US$. Professional charges of lawyers preparing and attesting the Deeds will be 3%. (Overall cost is 7% of the purchasing price which includes tax and registration).
Yes. It will cost you nothing. What you have to do is to come to an agreement with Kapruka Real Estate on the terms of selling the property. We undertake to visit the property, obtain photographs and prepare a write-up, entering data in our data bank and give the best service to you to sell the property at the highest possible price and at the earliest possible time. Please contact us for further details.
You could either send us a quick note or call our Colombo office on +94-112823336
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