Inflation ( CCPI)5.9% (Feb 2024)
GDP4.5% (4Q 2023)
Unemployment4.7% (3Q 2023)
3M T-Bill Rate10.17%
12M T-Bill Rate10.28%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR301/303
Reserves $4.517Bn (Feb 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sri Lanka Colombo real estate valuation slowdown in second half of 2019

ConstructionFeb 26, 2020
Sri Lanka Colombo real estate valuation slowdown in second half of 2019
The highest valuation of real estate properties can be found from Colombo the Commercial capital city of Sri Lanka. After the end of the Civil war, the government invested heavily in the development of infrastructure throughout the country and specially modernized Colombo City. That resulted in significant growth of real estate valuation in Colombo and Colombo suburb. As a result, the real estate prices jumped and it was supported by low-interest rates prevailing at that time period. But after 2017, the growth rate has been decelerated and fallen down towards 10% from average growth of 13% recorded around the 2012-2016 period.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.