The latest house & land Price Index published by LankaPropertyWeb.com shows a mixed pattern with commercial and house prices dropping slights and Apartments enjoying a boom in the price with land values.
However the Colombo house prices have bucked the trend and continue to increase further.
Another noticable observation from the stats is that the house and land values in the Northern Province has fallen. Could this be the end of the Northern province property price boom or just a seasonal blip? We'll have to wait till the next quarter results are out to know for sure.
Lanka Property Watch Staff