Housing costs lead to brain drain – Ranil

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By 2017-07-18

By Rathindra Kuruwita

The high cost of housing often compels Sri Lankan professionals to seek employment abroad, in order to secure the necessary funding and this leads to a severe brain drain, Prime Minister Ranil Wickremesinghe said yesterday.

"Urbanization is increasing housing prices across the country. In another decade areas like Kurunegala, Kuliyapitiya and Chilaw as well as Galle and Matara will be urbanized and there will be shortages of houses. This will affect our professionals and they will find it difficult to find housing," he said.

"For a country like Sri Lanka to develop we need to increase our middle classes. We will build a large number of houses and we will invest heavily on housing as well as infrastructure facilities," he said.

The Prime Minister also stated that he has not forgotten that this is a unity government and that he does not act in a way that would benefit either the Sri Lanka Freedom Party (SLFP) or United National Party (UNP).

"It's difficult for two parties to rule together. In a situation like this, we can't take things easy. The slightest miscalculation will lead to serious issues. However we are sticking to this model because it benefits the country," Wickremesinghe said.

On average, over 100, 000 persons, from skilled labour category to professionals, leave the country each year.

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