Land value rises in Colombo District
Land values in the Colombo District rose at a moderate pace during the first half of 2026, with the overall Land Valuation Indicator (LVI) increasing 5.9% year-on-year, according to the Central Bank of Sri Lanka. The increase was recorded compared with the corresponding period of 2025, with all three sub-indicators of the LVI registering growth. […]
During the first half of 2026, land values in the Colombo District experienced a steady rise, with the overall Land Valuation Indicator (LVI) climbing 5.9% year-on-year, according to the Central Bank of Sri Lanka. This upward trend was observed when compared to the same period in 2025, with all three sub-indicators of the LVI showing growth.
Residential land values saw the most significant increase, surging by 6.7%, while commercial land values rose by 5.7% and industrial land values increased by 5.2%. The Central Bank noted that the overall LVI and all three sub-indicators also increased during the first half of 2026 compared to the second half of 2025. Notably, residential and industrial land values demonstrated higher growth rates than in the latter half of 2025, suggesting a stronger momentum in these segments during the initial six months of the year.
The recent data points to a continued expansion in Colombo's property market, although the Central Bank characterized the growth pace as moderate. The LVI is a tool compiled by the Central Bank to monitor changes in land prices across the residential, commercial, and industrial sectors within the Colombo District.
Written by urgent.news from The Island Sri Lanka's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
