There has been a dip in the Sri Lankan property prices for Q2 2015, according to the House Price Index published by LankaPropertyWeb.com. Overall house sale prices, land sale prices and commercial building sale prices showed a dip; with only the apartment sales showing a slight increase of 0.7% compared to Q2 2014.
The full House Price Index can be viewed from here.
LankaPropertyWeb.com's 2012 3rd quarter housing price index shows that all house, apartment, commercial and land prices in the country have suffered and are down compared to the last quarter. A weak global and local economy could be the factor behind the latest fall in prices.
There is some glimmer of hope though as Apartment sale prices in Colombo have slightly increased and house + land prices in the northern province shows further increases. The land prices of Southern, Central and Western (apart from Colombo) have also gone up, however Colombo land prices have dropped.
We have also noticed that most advertiser reduce their asking price after few days of posting their ads.
The full stats of the latest house price index can be found at http://www.lankapropertyweb.com/house_prices.php
