Land Valuation Indicator for Colombo District increased by 17-pct during 1H 2022

Land Valuation Indicator (LVI) for Colombo District increased to 186.9 with a year-on-year change of 17.0 percent during the first half of 2022. This annual increase (17.0) and the semi-annual increase (4.6 percent) of LVI, showed a deceleration of the increasing trend observed in the second half of 2021.

All sub-indicators of LVI, namely Residential LVI, Commercial LVI and Industrial LVI contributed to the overall increase.
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Industrial LVI recorded the highest annual increase of 20.6 percent, followed by Commercial LVI and Residential LVI.

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