Be the First to Know

lanka matrimony

Colombo LVI indicates slowdown in 2H-2023

0 0

Land Valuation Indicator (LVI) for Colombo District indicated a slowdown on a year-on-year basis, recording a growth rate of 7.1% during the second half of 2023.

This slowdown could be observed in all sub-indicators of LVI, namely Residential, Commercial and Industrial LVIs which recorded annual increases of 8.8 per cent, 6.7 per cent and 5.9 per cent, respectively. LVI indicated a deceleration on semi- annual basis as well, registering a moderate growth of 2.1 per cent during the second half of 2023, compared to the first half of 2023.

This deceleration was largely attributable to the slower increase in Industrial LVI followed by Commercial and Residential LVIs compared to the first half of 2023.

The post Colombo LVI indicates slowdown in 2H-2023 appeared first on DailyNews.

Leave A Reply

Your email address will not be published.