Condominium Market Survey and Real Estate Property Price Indices

Statistics Department of the Central Bank of Sri Lanka launched the Condominium Market Survey during the 3rd quarter of 2017 with a view to obtaining market information, considering the importance of this sector to the real estate industry and thereby to the overall economy. The survey is carried out on a quarterly basis and the respondents consist of the members of the Condominium Developers Association of Sri Lanka and other key market players. A price index for new condominiums is compiled using data collected through the survey.

The Statistics Department also collects asking prices of residential property sales through publicly available data posted on property websites. Based on these data, Real Estate Asking Price Indices are compiled for Condominiums, Houses and Lands.

A quarterly summary of the Condominium Market Survey along with the compiled Real Estate Property Indices are made available to the public in the reports of Q1, 2022 onwards.