Lebanon Properties Current Situation Queries Answered

By: Karen Tabbal


How is the Real Estate Market in Beirut these days?
The Real-estate in Lebanon Cities has been witnessing a stable phase for the previous two years, subsequent to the 2005-2008 period of time which was marked by a ongoing increase of values and marketplace demand.
Currently, one can find still numerous projects on the market of Real Estate in Lebanon, the clients hunger is intact, however the prospective buyers of these ventures are looking for the suitable price, and are not prepared from now on to pay above the true market worth for any product. They are still absorbing the rises in prices of Real estate property in Beirut across the past years. The individuals residing abroad who represent around forty percent of the buyers in Beirut have dropped their buying soon after the economical crunch of 2008-2009.
The Middle East situation happening from the beginning of the year does not persuade this type of buyers to invest in Property in Lebanon. As to the Persian Gulf Arab Citizens, they spend substantially less in Lebanon, since 2006.
The The property market Markets in Lebanon Cities this season looks very tranquil.

Will the Market of Real Estate in Lebanon encounter a Crisis in the not too distant future?
The present-day steadiness cycle is quite recent to talk about a crisis. A much larger stagnation phase is appropriate to use this expression (approximately 5 and 10 years). Quite the opposite, the slow-down of the market is great, following a time period that we may well qualify of disproportionate.
There is still no danger for the promoters that have large monetary cash. You can find on average approximately 20 or 30 % unsold flats for the 2011 projects, but the situation relates to just a little fraction of products in Beirut. The modest promoters that borrowed large amounts from the banking institutions are those that will endure the most if the scenario continues as it is.

Crisis in the Beirut Real-estate Market
Can we speak of problems in the Beirut Properties ?
Top notch ventures, the residences made available by which are approximately 400 and 500 square metres and attaining values above five thousand bucks the unit meter are usually the ones which happen to be suffering the most because of the recent stability of the Lebanon Real Estate Market this period, and are the least sold presently, but a large number of promoters have already sold fifty to sixty percent of their units, which made it possible for them to finance the price of the parcels and the building expense.
Values of Real-estate in Lebanon Cities.

Will there be a decrease in Property Prices in Lebanon in the coming period?
In Beirut, the prices have remained consistent for more than 1 year, and this situation should probably continue, except in case of a main transformation on the political local or international scene.
Basically, the rates exposed by the promoters have not evolved, but discussions nowadays are getting to be much more easy. The decreases can arrive at five or ten percent, however the promoters are not compromising their price ranges, despite the fact they are agreeing to decreased benefit margins.
Despite the fact that the profit margin has attained in a number of instances fifteen percent, in comparison with the past twenty and twenty five % of three and 4 years back, the Real Estate Investment decision continues to be more appealing than Bank Savings Plans.
Conversely, in certain preferred areas in Beirut or in its suburbs, prices have increased given that promoters are offering more reachable and more popular products.

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Karen Tabbal Real Estate Lebanon Consultant Real Estate Beirut Situation

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