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  • Lebanon Opportunities

    Special price offers attract deal seekers

    Jun 07, 2019 5 minutes
    Reported by Yassmine Alieh

    Developers are creating special offers on certain units. These deals benefit both the developer and the client. Developers are selling their units and clients are getting more value for their money.

    MARKET OFFERS

    InfoPro Research identified 11 developers that are using pricing incentives to promote their properties. Massaad Fares, a former chairman of the Real Estate Association, and Chairman of Prime Consult, a property broker, described the presence of such deals as a “positive move.” He said that “the main problem is the weakness of demand.”

    Developers have gradually started to reduce the prices of certain apartments. There are a number of factors that make these offers special. A developer might choose to selectively lower the price of a single apartment in a project in order to

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