Inflation ( CCPI)1.5% (Oct 2023)
GDP-3.1% (2Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate15.29%
12M T-Bill Rate12.94%
2Y T-Bond Rate14.45%/ 14.50%
4Y T-Bond Rate14.70% / 14.80%
USD/LKR327/328
Reserves $3.56Bn (Oct 2023)
Cum. Trade Deficit $3,307 Mn (Sep 2023 cumulative)
Cum. Fiscal DeficitLKR 1,614 Bn (Sep 2023)

The growth of the Colombo land prices are falling for last one and half years

ConstructionAug 26, 2020
The growth of the Colombo land prices are falling for last one and half years
The growth of the land price indexes that reflect the land prices within the Colombo district is falling sharply during the last 1 1/2 years. Residential and commercial land prices had grown over 16% in 2018, which has declined to just about 7% in the first half of 2020. The industry land prices had grown over 19% in the 2nd half of 2018, which has also fallen by 7% in 1H 2020.

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