Sri Lanka, May 15 -- The Sri Lankan land market is gaining renewed strength, with Colombo and the broader Western Province leading the way in price growth, according to the latest Land Price Index (LPI) published by LankaPropertyWeb (LPW).
The 2025 index reveals that land prices in Colombo city (Colombo 1-15) have risen by 7% year-on-year, while the overall Western Province recorded an 12% increase - a notable jump from the 8% rise observed the previous year. The report highlights a sustained upward trend in land values, particularly in Colombo's suburbs and key districts like Gampaha and Kalutara.
Within the Colombo district (excluding the Colombo 1-15 area), average land prices surged by 20%, underscoring a shift in investor focus towar...