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)

The residential land price grew 5.8% in 1H of 2023 up from 4.0% in 1H 2022

ConstructionAug 29, 2023
The residential land price grew 5.8% in 1H of 2023 up from 4.0% in 1H 2022

The real estate sector was badly affected by the economic downturn, which pulled down the prices across all the segments. Ultra-low interest rates prevailed before 2018 boosted real-estate prices to an unstable level, which collapsed later.

The residential land price grew 5.8% in 1H of 2023 up from 4.0% in 1H 2022, but the growth of industrial and commercial prices were less in 1H of 2023 compared with 1H of 2022.

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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.