Online property searches in Colombo up 28-pct in Q1: Lamudi

May 02, 2017 (LBO) – Property portal Lamudi’s real estate market report on Sri Lanka says that there is a 28 percent increase in searches for property in Colombo in the first quarter of 2017 against the same period last year.

Between 2014 and 2015, data from Lamudi showed a 20 percent increase in searches for property in Colombo.

Data further shows that Colombo is five times more popular than Gampaha and ten times more in demand than Kandy.

The Lamudi market report says most locals are aiming for Colombo’s suburbs at the moment because the suburbs tend to command lower prices while foreign investors are most likely to invest in apartments in key locations such as central Colombo and Kandy.

Lamudi currently has 9,420 property listings covering the whole island.