Colombo District land prices gradually increasing

Land Valuation Indicator (LVI) for Colombo District increased by 4.6 per cent on year-on-year basis to 145.2 during the second half of 2020. However, the percentage level of increase of LVI was in line with the declining trend observed over the recent periods. In addition, the LVI recorded an increase of 2.5 per cent for the second half of 2020 compared to the first half of 2020.

All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI, contributed to the overall increase. Residential LVI recorded the highest annual increase of 4.7 per cent, followed by Industrial LVI and Commercial LVI.

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