Lebanon Opportunities

Parking funds in real estate

The de facto capital controls present a challenge for those seeking to convert cash into real estate. Real estate is largely selling at full value and deals are hard to find. Payment in dollars is preferred, though some developers are accepting lira. Payment is mainly made via banker’s checks.

Rising demand

All the developers and brokers interviewed stated that demand for real estate is currently high, especially for properties with title deeds that are ready to be sold. This rise in demand started in, Director of Sales at the Beit Misk project in Metn. , Managing Director of Landmark Real Estate, said that smaller apartments are still proving popular. The majority of clients are new customers according to Keyrouz. , Partner at Dergham and Hamdar Real Estate, with projects in Chiah, said: “All the customers are new.”

Sie lesen eine Vorschau. Registrieren Sie sich, um mehr zu lesen.

Mehr von Lebanon Opportunities

Lebanon Opportunities2 min gelesen
Recession Started In 2018 Inflation Rose To 5.5 Percent
The economy registered negative growth of almost two percent in 2018 according to newly released figures by the Central Administration of Statistics (CAS). The National Accounts report for that year shows that it was the first time ever, since the en
Lebanon Opportunities1 min gelesen
Dairy Products
UNIDO is working on a project, funded by the Italian government, to support the dairy sector and beekeepers across the country. UNIDO assessed the products’ market and the current challenges faced by dairy farmers and processors, and beekeepers worki
Lebanon Opportunities7 min gelesen
What Did Riad Salameh Say?
Governor of the Central Bank (BDL) Riad Salameh addressed a large number of financial and economic issues during a talk show on MTV hosted by Marcel Ghanem. Salameh said that no economic collapse is imminent. He said that BDL is keen to prevent its d