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
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
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