Average property prices of Sri Lanka

                 

Average Prices are based on property ads published on LankaPropertyWeb.com until the stated period. The prices are the advertised prices and not the final selling price and may not be a true reflection of the overall property prices in Sri Lanka. The prices have been taken from a sample of around 15,000 property ads.

* Algorithm updated in 2016 Q1. House and apartment price values shown for specific bedroom types. Outliers for land prices adjusted.
  Algorithm updated in 2022 Q4 to optimise outlier identification.


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Sri Lanka Overall prices for December 2023

Average Price (Rs.)
Change
(Since last year)
Sri Lanka Overall House Sale price 62.70 million   3.00%
Sri Lanka Overall Apartment Sale price 79.08 million   7.00%
Sri Lanka Overall Commercial Buildings Sale price 234.30 million   -1.00%


Average Sales prices by Region for December 2023

Average Price (Rs.)
Colombo House Sale price 188.80 million
Colombo Apartment Sale price 95.44 million
Colombo Commercial Buildings Sale price 329.17 million
Western Province (apart from Colombo city) House Sale price 54.09 million
Southern province House Sale price 46.02 million
Central province House Sale price 39.98 million
North West province House Sale price Insufficient data
North Central province House Sale price Insufficient data
Uva province House Sale price Insufficient data
Sabaragamuwa province House Sale price Insufficient data
Eastern province House Sale price Insufficient data
Northern Province House Sale price Insufficient data
House prices for 4-bedroom houses and apartment prices for 3-bedroom apartments.

 

Average Land prices by Region for December 2023

Average Price (Rs.)
Overall Residential Land price 1.83 million Per perch
Colombo Residential Land price 12.61 million Per perch
Western Province (apart from Colombo city) Residential Land price 1.40 million Per perch
Southern province Residential Land price 560,000 Per perch
Central province Residential Land price 954,000 Per perch
North West province Residential Land price 513,000 Per perch
North Central province Residential Land price 460,000 Per perch
Uva province Residential Land price 289,000 Per perch
Sabaragamuwa province Residential Land price 402,000 Per perch
Eastern province Residential Land price 464,000 Per perch
Northern Province Residential Land price Insufficient data
Overall Tea Land price 5.34 million Per acre
Overall Rubber Land price Insufficient data
Overall Coconut Land price 7.03 million Per acre

 

Average Rental prices by Region for December 2023

Average Price (Per Month)
Colombo House Rental price 485,000
Colombo Apartment Rental price 397,000
Western Province (apart from Colombo city) House Rental price 199,000
Southern province House Rental price Insufficient data
Central province House Rental price Insufficient data
North West province House Rental price Insufficient data
North Central province House Rental price Insufficient data
Uva province House Rental price Insufficient data
Sabaragamuwa province House Rental price Insufficient data
Eastern province House Rental price Insufficient data
Northern Province House Rental price Insufficient data
House prices for 4-bedroom houses and apartment prices for 3-bedroom apartments.

 

 

Average Land perch prices in Western Province (Q1 2023)

 

City
Average Price (Per Perch) - 2023 Q1
(% Change since 2022 Q1)
% Increase since 2018 Q1
Angoda 1,382,764 (7% ) 193%
Athurugiriya 904,829 (20% ) 146%
Bandaragama 373,692 (46% ) 102%
Battaramulla 2,711,378 (-11% ) 50%
Boralesgamuwa 1,861,217 (0% ) 43%
Dehiwala 3,854,829 (-9% ) 13%
Ethul Kotte 3,618,642 (-5% ) 67%
Gampaha 362,998 (-2% ) 80%
Hanwella 266,058 (12% ) 177%
Hokandara 1,561,278 (17% ) 207%
Homagama 522,424 (-23% ) 64%
Horana 239,914 (-21% ) 57%
Ingiriya 274,036 (-5% ) 455%
Ja-Ela 557,444 (-4% ) 61%
Kadawatha 797,513 (-3% ) 81%
Kaduwela 766,204 (20% ) 93%
Kalubowila 4,238,252 (23% ) 63%
Kalutara 341,920 (-14% ) 61%
Kandana 802,983 (-15% ) 70%
Kelaniya 1,269,881 (-17% ) 157%
Kesbewa 677,475 (-22% ) 48%
Kiribathgoda 1,251,276 (-13% ) 53%
Kolonnawa 2,035,944 (15% ) 191%
Kottawa 1,265,921 (-6% ) 107%
Maharagama 2,066,689 (-2% ) 104%
Malabe 1,463,969 (-7% ) 77%
Moratuwa 1,442,718 (-5% ) 63%
Mount Lavinia 3,269,171 (-1% ) 57%
Nawala 4,795,076 (0% ) 34%
Negambo 657,825 (-14% ) 11%
Nugegoda 3,218,286 (-11% ) 36%
Padukka 298,627 (20% ) 94%
Panadura 566,525 (-9% ) 47%
Pannipitiya 1,547,303 (-8% ) 53%
Pelawatte 3,372,954 (11% ) 96%
Piliyandala 861,194 (-5% ) 61%
Pita Kotte 3,320,880 (0% ) 74%
Ragama 685,799 (-2% ) 68%
Rajagiriya 3,210,767 (-14% ) 16%
Rathmalana 2,449,484 (-1% ) 50%
Thalawathugoda 2,264,337 (1% ) 44%
Wadduwa 495,657 (-5% ) 114%
Wattala 1,284,994 (-6% ) 49%
Wellampitiya 1,364,220 (19% ) 143%
*These values represent statistical average prices of lands listed on our website for that whole area. Prices within the area will have its own variances, such as land close to main roads or junctions being expensive and above average. If you wish to obtain more accurate prices for your land or neighbourhood prices, then you should view land for sale listings for that area, check with an estate agent or valuer in your area.

 

Need to get your property valued? Contact our Buyer & Seller Assistance team to get assistance with your valuation

 

 

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