Colombo district land value up 7%

Saturday, 1 March 2025 00:12 - - {{hitsCtrl.values.hits}}

Land Valuation Indicator (LVI) for Colombo District recorded 236.8 during the second half of 2024, with a year-on-year increase of 7.7% its compiler the Central Bank said.

It said all sub indicators of LVI, namely, Residential, Commercial, and Industrial LVIs contributed to this increase, recording annual increases of 9.9%, 9.4%, and 3.9%, respectively.

On a semi-annual basis, LVI and its sub indicators increased at a slower pace during the second half of 2024 compared to the values recorded in the first half of 2024. The highest increase was observed in the Residential LVI, followed by Commercial and Industrial LVIs.

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