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LNP – Housing prices soar by 20%

Lower interest rates have pushed the demand for housing loans up, resulting in housing prices soaring by over 20% from the 2Q 2020 level which is in stark contrast to apartment and land prices. Higher cost of construction triggered by the import controls may also be keeping the house prices buoyant.

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Tyronne Jayamanne

Recent Posts

LNP – Another lorry with 200kg of substances believed to be ‘Ice’ and heroin found in Tangalle

LNP – Another lorry with 200kg of substances believed to be ‘Ice’ and heroin found in Tangalle

A large stock of narcotics, including over 200 kilograms of crystal methamphetamine or commonly known…

8 hours ago
LNP – President to undertake official visit to Japan

LNP – President to undertake official visit to Japan

President Anura Kumara Dissanayake will leave for Japan on September 27 for a four-day official…

11 hours ago
LNP – Hearing of case against Yoshitha and his grandmother adjourned

LNP – Hearing of case against Yoshitha and his grandmother adjourned

The Colombo High Court has ordered that the case filed by the Attorney General against…

13 hours ago
LNP – Hotel owned by Former Governor’s wife ordered to be demolished

LNP – Hotel owned by Former Governor’s wife ordered to be demolished

A hotel owned by Mrs. Ajantha Rupasari Herath, wife of former North Central Province Governor…

13 hours ago
LNP – Weapons cache allegedly buried by Sampath Manamperi found in Middeniya

LNP – Weapons cache allegedly buried by Sampath Manamperi found in Middeniya

A cache of weapons, including firearms and ammunition, has been discovered on a plot of…

13 hours ago
LNP – Credit card debt growth slows despite consumer spending rise

LNP – Credit card debt growth slows despite consumer spending rise

Sri Lanka’s credit card debt expanded at a slower pace in July, even as overall…

13 hours ago