Colombo 1Q condominium price index up 18.5% YoY as sales volumes fall 15.2% 03.07.2026

The Central Bank of Sri Lanka's latest Real Estate Market Analysis revealed that the Price Index for New Condominiums in the Colombo District rose 18.5% year-on-year to 284.4 in the first quarter of 2026, indicating continued price appreciation. However, the Condominium Property Sales Volume Index, covering Colombo and other major cities, fell 15.2% from a year earlier, pointing to a slowdown in transaction activity despite rising values. The Colombo District remained the dominant market, accounting for 65% of total transactions during the quarter.

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