Monday, 26 March 2012

Could banks survive with land fraud?

Land fraud and mortgage fraud over the past years have grown significantly in Sri Lanka threatening the stability of local banks. Thus it’s time to take immediate action as the money lent by banks on negative equity or forged deeds belong to the depositors.


(Source: Sunday Times)

Tuesday, 6 March 2012

Latest property stats available now

Average land and house prices at the end of 2011 now available on 

Average house prices climb to Rs. 17.88 million and land prices at 630,000 per perch. 

For full stats, visit