BusinessLand values in Colombo are growing at a remarkable rate, a recent study has found. According to the National House Price Index maintained by LankaPropertyWeb.com, average land prices in Colombo has increased by 36 per cent within the last year alone, making it the biggest increase in the real estate sector, when compared against house and apartment prices. The overall land prices for the country have also shown an accelerated growth within the last year. Colombo's land prices map shows that Colombo 1, 3 and 7 remains the most expensive, while 9, 13, 14 and 15 are the least expensive. With the Port City adding 269 hectares of land to Colombo and sales expected to start by 2018, it’ll be interesting to see at what prices the lands will be sold at, the release said.

Source: Sunday Times October 11, 2017 04:18 UTC