• Last Update 2024-07-21 12:05:00

Land valuation indicator from Central Bank rises in 2nd half 2019

Business


The Land Valuations Indicator (LVI) for Colombo District compiled by the Central Bank reached 138.9 during the second half of 2019, recording an increase of 10.4 per cent compared to the second half of 2018, the banking regulator said on Wednesday.

All three sub-indicators of LVI, namely Residential, Commercial and Industrial have contributed to this increase. Residential LVI recorded the highest year-on-year increase of 10.7 per cent, while both the Commercial LVI and Industrial LVI increased by 10.3 per cent. Meanwhile, the LVI increased by 5.1 per cent in 2nd half of 2019 from 1st half of 2019. (BS)

 

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