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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
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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.

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