Land Valuation Indicator of Colombo records an annual increase of 7.1-pct in 1H 2020

Aug 25, 2020 (LBO) – Land Valuation Indicator (LVI) of Colombo District reached 141.6 during the 1st half of 2020, recording an annual increase of 7.1 percent, the statistics office said.

Meanwhile, on a semi-annual basis, the LVI marginally increased by 2.0 percent. However, both annual and semi-annual percentage changes of LVI showed a declining trend over the recent periods.

All sub-indicators of LVI, namely Residential LVI, Commercial LVI, and Industrial LVI contributed to the overall increase.

Industrial LVI recorded the highest annual increase of 7.2 percent, while both Residential LVI and Commercial LVI recorded 7.1 percent increases.