The Land Valuation Indicator (LVI) for Colombo District recorded 236.8 during the second half of 2024, with a year-on-year increase of 7.7 per cent, according to the Central Bank of Sri Lanka.

All sub-indicators of LVI, namely, Residential, Commercial, and Industrial LVIs contributed to this increase, recording annual increases of 9.9 per cent, 9.4 per cent, and 3.9 per cent, respectively. 

On a semi-annual basis, LVI and its sub-indicators increased at a slower pace during the second half of 2024 compared to the values recorded in the first half of 2024. 

The highest increase was observed in the Residential LVI, followed by Commercial and Industrial LVIs. (Newswire)

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The Land Valuation Indicator (LVI) for Colombo District was recorded at 215.3 during the first half of 2023 with a year-on-year increase of 15.2 per cent, according to the Department of Census and Statistics. 

The department stated that all sub-indicators of LVI, namely Residential, Commercial and Industrial contributed to the overall increase with annual increases of 17.2 per cent, 15.1 per cent and 13.5 per cent, respectively. 

On a semi-annual basis, LVI increased by 4.9 per cent during the first half of 2023, compared to the second half of 2022. 

The highest contribution to this increase was from Residential LVI followed by Commercial and Industrial LVIs. 

The Department of Census and Statistics added that, however, a deceleration of the semi-annual growth of LVI could be observed during the first half of 2023. 

Full report: 

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