{"id":412,"date":"2017-10-13T14:25:50","date_gmt":"2017-10-13T08:55:50","guid":{"rendered":"https:\/\/www.lankapropertyweb.com\/property-news\/?p=412"},"modified":"2020-08-14T10:46:31","modified_gmt":"2020-08-14T05:16:31","slug":"land-prices-in-colombo-keeps-rising-and-remains-the-best-investment-option","status":"publish","type":"post","link":"https:\/\/www.lankapropertyweb.com\/property-news\/land-prices-in-colombo-keeps-rising-and-remains-the-best-investment-option\/","title":{"rendered":"Land prices in Colombo keeps rising and remains the best Investment Option"},"content":{"rendered":"\n<p><strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.lankapropertyweb.com\/land\/index.php\" target=\"_blank\">Land<\/a><\/strong> values in <strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.lankapropertyweb.com\/area\/colombo\/\" target=\"_blank\">Colombo<\/a><\/strong> are growing at a remarkable rate, a recent study has found. According to the national <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.lankapropertyweb.com\/house_prices.php\" target=\"_blank\">House Price Index<\/a> maintained by <strong><a href=\"https:\/\/www.lankapropertyweb.com\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Lanka Property Web<\/a><\/strong>, average land prices in Colombo has increased by 36% within the last year alone, making it the biggest increase in the real estate sector, when compared against house and apartment prices. The overall land prices for the country has also shown an accelerated growth within the last year.<\/p>\n\n\n\n<p>Moreover, a study by Candor Group which compared all investment options, including share market, savings, bonds and property found that lands in Colombo remained the best performing asset class.<\/p>\n\n\n\n<p>Colombo&#8217;s land prices heat map shows that Colombo 1, 3 &amp; 7 remains the most expensive, while 9, 13, 14 &amp; 15 are the least expensive, from the <strong><a href=\"https:\/\/www.lankapropertyweb.com\/land\/sale-Colombo+All_0-all.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">lands for sale in Colombo<\/a><\/strong>.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img loading=\"lazy\" decoding=\"async\" width=\"227\" height=\"300\" src=\"https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-227x300.jpg\" alt=\"\" class=\"wp-image-413\"\/><\/figure><\/div>\n\n\n\n<p>Just to highlight how expensive Fort area is, a recent ad on LankaPropertyWeb.com for a land near President&#8217;s House in Fort was priced at 30 million per perch.<\/p>\n\n\n\n<p>Buying the freehold of lands in the country is currently limited to residents, while foreign individuals can <a href=\"https:\/\/www.lankapropertyweb.com\/features\/property-buying-for-foreigners.php\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">lease land on a 99-year lease<\/a>.<\/p>\n\n\n\n<p>With the Port city adding 269 hectares of land in to Colombo and sales expected to start by 2018, it\u2019ll be interesting to see at what prices the lands will be sold at. This will improve <strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.lankapropertyweb.com\/rentals\/lease-Colombo+All_0-House.html\" target=\"_blank\">houses for rent in colombo<\/a><\/strong> and <strong><a href=\"https:\/\/www.lankapropertyweb.com\/rentals\/lease-Colombo+All_0-Apartment.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">apartments for rent in colombo<\/a><\/strong>.<\/p>\n\n\n\n<p>While it&#8217;s much cheaper to buy an apartment than to buy land and build a house in Colombo and on the outskirts, owning lands remains the best long-term investment due to its double-digit growth in the last few years, which shows no signs of receding yet.<\/p>\n\n\n\n<p>Check out our new website <strong><a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/house.lk\/\" target=\"_blank\">house.lk<\/a><\/strong> for more similar <strong><a href=\"https:\/\/www.lankapropertyweb.com\/forsale-Colombo+All_0-all.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">properties in Colombo<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Land values in Colombo are growing at a remarkable rate, a recent study has found. According to the national House Price Index maintained by Lanka Property Web, average land prices in Colombo has increased by 36% within the last year alone, making it the biggest increase in the real estate sector, when compared against house [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[188],"tags":[],"class_list":["post-412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-invest"],"rttpg_featured_image_url":{"full":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp.jpg",481,635,false],"landscape":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp.jpg",481,635,false],"portraits":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp.jpg",481,635,false],"thumbnail":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-150x150.jpg",150,150,true],"medium":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-227x300.jpg",227,300,true],"large":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-1024x1024.jpg",1024,1024,true],"1536x1536":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-1536x1536.jpg",1536,1536,true],"2048x2048":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-2048x2048.jpg",2048,2048,true],"image-size-150x150":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-150x150.jpg",150,150,true],"image-size-550x550":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-550x550.jpg",550,550,true],"image-size-550x550-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-1100x1100.jpg",1100,1100,true],"photo-album-thumbnail-small":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-150x100.jpg",150,100,true],"photo-album-thumbnail-square":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-500x500.jpg",500,500,true],"employees-large":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-500x500.jpg",500,500,true],"employees-small":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-225x225.jpg",225,225,true],"blog-magazine-thumbnail":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-200x200.jpg",200,200,true],"blog-magazine-thumbnail-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-400x400.jpg",400,400,true],"woocommerce-recent-carousel":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-330x260.jpg",330,260,true],"blog-carousel":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-245x180.jpg",245,180,true],"blog-carousel-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-490x360.jpg",490,360,true],"blog-showcase":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-260x180.jpg",260,180,true],"blog-showcase-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-520x360.jpg",520,360,true],"portfolio-x_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-300x300.jpg",300,300,true],"portfolio-two_x_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-600x300.jpg",600,300,true],"portfolio-four_x_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-1200x300.jpg",1200,300,true],"portfolio-x_two_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-300x600.jpg",300,600,true],"portfolio-two_x_two_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-600x600.jpg",600,600,true],"portfolio-three_x_two_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-900x600.jpg",900,600,true],"portfolio-three_x_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-900x300.jpg",900,300,true],"portfolio-four_x_two_x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-1200x600.jpg",1200,600,true],"portfolio-x_x-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-600x600.jpg",600,600,true],"portfolio-two_x_x-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-1200x600.jpg",1200,600,true],"portfolio-four_x_x-@2x":["https:\/\/www.lankapropertyweb.com\/property-news\/wp-content\/uploads\/2017\/10\/Heatmapp-2400x600.jpg",2400,600,true],"portfolio-x_tw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href=\"https:\/\/www.lankapropertyweb.com\/property-news\/category\/invest\/\" rel=\"category tag\">Invest<\/a>","rttpg_excerpt":"Land values in Colombo are growing at a remarkable rate, a recent study has found. According to the national House Price Index maintained by Lanka Property Web, average land prices in Colombo has increased by 36% within the last year alone, making it the biggest increase in the real estate sector, when compared against house&hellip;","_links":{"self":[{"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/posts\/412"}],"collection":[{"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/comments?post=412"}],"version-history":[{"count":5,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/posts\/412\/revisions"}],"predecessor-version":[{"id":2028,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/posts\/412\/revisions\/2028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/media\/413"}],"wp:attachment":[{"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/media?parent=412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/categories?post=412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankapropertyweb.com\/property-news\/wp-json\/wp\/v2\/tags?post=412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}