Indian Property Buyers Eye Sri Lanka

A good read that caught my attention was a piece in the India's Economic Times on an increasing number of property buyers looking at nearby Sri Lanka.
For many the curent price levels for vacation or second homes in the Hill Country remain attractive. While foreigners can own real estate, there is a one hundred per cent tax on the value.
Though one advantage of ownership remains the ability to own a home outright and obtain bank financing due to it's freehold status.
It's expected that Sri Lana remains a prime investment and holiday destination for the Indian market. Easy access, and extraordinarily high land and hotel rates in India may boost the nearby island.