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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.

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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.

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Industrial LVI recorded the highest annual increase of 7.

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2 percent, while both Residential LVI and Commercial LVI recorded 7.1 percent increases.

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