Colombo district land value up 15.2% in first half  

Land Valuation Indicator (LVI) for the Colombo District recorded 215.3 during the first half of 2023 with a year-on-year increase of 15.2 percent, the Statistics Department of the Central Bank said.
All sub-indicators of LVI, namely Residential, Commercial and Industrial contributed to the overall increase with annual increases of 17.2 percent, 15.1 percent and 13.5 percent respectively.
On a 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.