Price growth of Houses, Apartments on a declining path so far in 2018 – Report

July, 26, 2018

Statistics of housing and apartment prices collected by property firm LankapropertyWeb indicates growth of prices of house prices - 4 Bed room - are at declining path from first quarter 2018 and growth of apartment - 3 Bed Room - is also in same trend from second quarter of 2018, a recent analysis by data statistical firm by points out.
According to the latest analysis  by real estate property market in Sri Lanka has been center for many debates as the apartment prices specially in Western province record over 30% growth in short period of time.
"Developers across the globe have invested significant amount of capital in apartments especially in Colombo urban areas. Medium scale apartment complexes are also building for middle income householders in Colombo and Colombo suburb areas" the report added.
The firm said that it is being questioned by many individuals who are interested in property market behaviour about a possible real estate property bubble in high-end apartments, but growth of house prices in western province excluding Colombo district looks stable with average of 10% growth.