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 per cent. All sub-indicators of LVI, namely Residential, Commercial and Industrial LVIs contributed to the overall increase with annual increases of 17.2 per cent, 15.1 per cent and 13.5 per cent, respectively. On semi-annual basis, LVI increased by 4.9 percent 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.
Published Date:
Tuesday, August 22, 2023