Colombo Land Valuation Indicator up by 15.2%

Land Valuation Indicator (LVI) for Colombo District recorded 215.3 during the first half of 2023 with a year-on-year increase of 15.2%.

All sub-indicators of LVI, namely Residential, Commercial and Industrial LVIs contributed to the overall increase with annual increases of 17.2%, 15.1% and 13.5%, respectively. On a semi-annual basis, LVI increased by 4.9% during the first half of 2023, compared to the second half of 2022.

The highest contribution to this increase was from Residential LVI followed by Commercial and Industrial LVIs.

However, a deceleration of the semi-annual growth of LVI could be observed during the first half of 2023.

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