Lebanon

July 30, 2009

Property Sales in Lebanon down but not out

The Directorate of Real  Estate in Lebanon has released a report which was published by Bank Audi Weekly Monitor this week. The report states that the total value of property sales in Lebanon in the first half of 2009 was at L£3.7033 trillion (Dh90.59 billion), down by 5.2% from the same period 2008.

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April 11, 2008

Lebanon Normal Service Resumed?

Although Lebanon witnessed an economic slowdown in 2007, real estate activity during the year has proved to be quite resilient to the said trend prevailing in the country.

The rise in real estate activity can be attributed to several reasons such as the increase in population, higher demand by expatriate Lebanese, the relatively low taxes in Lebanon, the improvement made in terms of property transfer operations, and the facilitation of foreign ownership.

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