Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Land prices during 2H of 2023 have rose at a lower phase compared to 1H of 2023

ConstructionFeb 23, 2024
Land prices during 2H of 2023 have rose at a lower phase compared to 1H of 2023

It appears that there has been a general deceleration in property price growth across all categories since 2019. In the second half of 2023, residential land prices increased by 2.8%, while commercial and industrial property prices grew by 1.8% and 1.7% respectively.

Overall, there was a 2.1% growth, indicating a continued trend of subdued growth compared to the double-digit growth seen prior to 2019.

Disclaimer

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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.