Average land prices of Sri Lanka

Land Price Index (Based year 2018)

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. Outliers for land prices adjusted.

 

Average Land prices by District (Q1 2024)

Average Price (Per Perch) (Rs.)
Colombo District (Colombo 1-15) 11,117,432
Colombo District (Except Colombo 1-15) 2,263,067
Gampaha District 850,244
Matara District 756,420
Kandy District Insufficient Data
Galle District Insufficient Data
Kalutara District 418,242
Kegalle District Insufficient Data
Polonnaruwa District Insufficient Data
Kurunegala District 375,586
Ratnapura District Insufficient Data
Monaragala District Insufficient Data
Matale District Insufficient Data
Ampara District Insufficient Data
Batticaloa District Insufficient Data

 

Land prices in Colombo District (Q1 2024)

With percentage change since 2023 Q1

Colombo 1-15

City
Average Price (Per Perch) - 2024 Q1
(% Change since 2023 Q1)
% Increase since 2018 Q1
Colombo 1 Insufficient Data
Colombo 2 17,764,574 (0% ) 67%
Colombo 3 18,778,941 (0% ) 1%
Colombo 4 16,140,287 (-2% ) 14%
Colombo 5 9,654,837 (4% ) 11%
Colombo 6 9,980,747 (8% ) 13%
Colombo 7 19,558,811 (15% ) 15%
Colombo 8 8,715,543 (5% ) 52%
Colombo 9 5,538,663 (4% ) 160%
Colombo 10 9,489,956 (1% ) 19%
Colombo 11 Insufficient Data
Colombo 12 Insufficient Data
Colombo 13 6,910,960 (-12% ) 107%
Colombo 14 6,947,075 (8% ) 49%
Colombo 15 3,928,851 (-4% ) 23%

Colombo and Suburbs

City
Average Price (Per Perch) - 2024 Q1
(% Change since 2023 Q1)
% Increase since 2018 Q1
Angoda 1,395,728 (1% ) 196%
Athurugiriya 1,022,358 (13% ) 178%
Battaramulla 2,969,336 (10% ) 64%
Boralesgamuwa 2,106,910 (13% ) 62%
Dehiwala 4,598,810 (19% ) 35%
Ethul Kotte 3,380,427 (-7% ) 56%
Gothatuwa 1,655,397 (-11% ) 136%
Hanwella 299,409 (13% ) 212%
Hokandara 1,517,061 (-3% ) 198%
Homagama 598,023 (-14% ) 88%
Kaduwela 905,371 (18% ) 127%
Kalubowila 4,301,317 (1% ) 65%
Kesbewa 675,733 (0% ) 48%
Kolonnawa 2,068,149 (2% ) 195%
Kottawa 1,274,109 (1% ) 108%
Maharagama 2,049,896 (-1% ) 103%
Malabe 1,637,185 (12% ) 98%
Moratuwa 1,601,725 (11% ) 81%
Mount Lavinia 3,888,604 (19% ) 87%
Nawala 5,266,156 (10% ) 47%
Nugegoda 3,421,242 (6% ) 45%
Padukka 338,823 (13% ) 120%
Pannipitiya 1,768,825 (14% ) 75%
Pelawatte 3,263,445 (-3% ) 90%
Peliyagoda 861,194 (0% ) 0%
Piliyandala 813,377 (-6% ) 52%
Pita Kotte 3,757,055 (13% ) 96%
Rajagiriya 4,005,054 (25% ) 44%
Rathmalana 2,737,945 (12% ) 68%
Thalahena 1,891,687 (-13% ) 72%
Thalawathugoda 2,560,728 (13% ) 63%
Wellampitiya 1,554,075 (14% ) 176%

 

Land prices in Kalutara District (Q1 2024)

With percentage change since 2023 Q1

City
Average Price (Per Perch) - 2024 Q1
(% Change since 2023 Q1)
% Increase since 2018 Q1
Bandaragama 403,231 (8% ) 118%
Horana 223,908 (-7% ) 47%
Ingiriya 347,074 (27% ) 603%
Kalutara 319,806 (-6% ) 51%
Panadura 717,201 (27% ) 87%
Wadduwa 498,233 (1% ) 115%

 

Land prices in Gampaha District (Q1 2024)

With percentage change since 2023 Q1

City
Average Price (Per Perch) - 2024 Q1
(% Change since 2023 Q1)
% Increase since 2018 Q1
Biyagama 493,546 (19% ) 20%
Dompe 263,757 (3% ) 240%
Gampaha 379,442 (5% ) 88%
Ja-Ela 636,224 (14% ) 84%
Kadawatha 1,000,134 (25% ) 127%
Kandana 924,543 (15% ) 95%
Kelaniya 1,445,227 (14% ) 193%
Kiribathgoda 1,438,669 (15% ) 76%
Negambo 880,634 (34% ) 49%
Ragama 868,165 (27% ) 113%
Wattala 1,570,938 (22% ) 82%
Yakkala 301,655 (-35% ) 8%

 

Land prices in Other Cities (Q1 2024)

With percentage change since 2023 Q1

City
Average Price (Per Perch) - 2024 Q1
(% Change since 2023 Q1)
% Increase since 2018 Q1
Galle 577,012 (47% ) 140%
Hikkaduwa Insufficient Data
Jaffna Insufficient Data
Kandy 862,337 (30% ) 70%
Kurunegala 375,586 (54% ) 101%
Matara 672,694 (-11% ) -1%
Weligama 840,345 (0% ) 296%
*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

 

 

Related articles

LAND PRICES IN GREATER COLOMBO INCREASE BY UP TO 64% AS DEMAND GROWS FOR AFFORDABLE LAND OUTSIDE THE CITY

WHAT ARE THE TOP PROPERTY HOT-SPOTS AROUND COLOMBO?

LAND PRICES IN COLOMBO KEEPS RISING AND REMAINS THE BEST INVESTMENT OPTION

COLOMBO SEES NO SLOWDOWN OF APARTMENTS COMING UP

 

 

blog comments powered by Disqus