Abstract:
COVID-19 has been an unprecedented challenge ever faced by the
global society and global markets. Even though the Sri Lanka
situation is comparatively less dangerous, as it is able to controlled
with fewer number of infected persons and deaths, implication of
COVID-19 on overall socio-economic context of the country is not
easy to measure. As it is highly affecting to all market operations,
what implications on real estate sector is a special inquiry among
real estate actors. “Whether it is a challenge or an opportunity” is a
debatable theme to move ahead in the market under the
compressed scenario due to an abnormal uncertainty made by the
COVID-19. However, it can be suggested that recognizing
opportunities from challenges and/or transforming challenges into
opportunities is the strategic way of action in the real estate sector
of the country at this very important movement.
