Colombo land prices jump 11.4% led by residential land values

The land prices in the red-hot Colombo district, measured by the Land Valuation Indicator (LVI), jumped 11.4 percent in the first half of 2025 from the same period in 2024.

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The growth in the prices nearly doubled from the growth seen in the first half of 2024, which came in at 6.9 percent over the same period in 2023.

The index reached 256.4 by the end of the first half of 2025, from 230.1 index points a year ago.

Meanwhile, the prices measured semiannually or the change between the second half of last year and the first half of this year too rose by 8.3 percent, the highest in recent times. This reflects the continued growth in the land prices in the Colombo district since the country coming out of the worst of the economic crisis in 2022 and most of 2023.