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Colombo’s Land Boom Is Cooling—So Why Are Prices Still Rising? - Commonwealth Union
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Colombo’s Land Boom Is Cooling—So Why Are Prices Still Rising? - Commonwealth Union
COLOMBO, Sri Lanka, August 20, 2026 – The real estate market in Sri Lanka is showing some intriguing signs: while land prices are still going up, the pace of growth that had been recorded last year looks much slower. The prices of residential land in the Colombo District grew by 6.7 per cent compared to the same period last year, taking the leading position among the three categories monitored by the Central Bank of Sri Lanka. The prices of comm…
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