Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.91%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.65%/ 10.75%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka investors are moving towards real estate assets in 4Q 2021

ConstructionMar 27, 2022
Sri Lanka investors are moving towards real estate assets in 4Q 2021

The condominium survey done by CBSL indicates 78% of the condominium sales were concentrated on apartments valued at less than LKR 25Mn and 15% sales of apartments between LKR 25Mn to 50Mn in 4Q 2020. But one year later, 4Q 2021, 29% of sales were in the LKR 25Mn to LKr 50Mn category and 22% were above LKR50Mn.

The lower price category, which is less than LKR 25Mn accounted for only 49% in the last quarter of 2021.

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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.