Sri Lanka · Asia · Population: 750,000
Colombo is moderately affordable compared to major global cities, with steady growth in property values. The city has affordable rents compared to global standards. At $65,000 average home price in Sri Lanka, buyers should consider the 7.5x price-to-income ratio when planning a purchase.
| Average Home Price | $65,000 |
| Price per sqm | $1,200 |
| Price-to-Income Ratio | 7.5x |
| Mortgage Rate | 12.0% |
| 1-Year Price Change | +2.8% |
| 1-Bedroom Apartment | $300/mo |
| 3-Bedroom Apartment | $550/mo |
| Rent-to-Income Ratio | 35% |
| Median Household Income | $9,000/year |
| Years to Buy (at median income) | 7.5 years |
| Local Currency | LKR |
With a price-to-income ratio of 7.5x, Colombo offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 2.8% in the past year.
Cities worldwide with home prices closest to Colombo
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