Tag: <span>news</span>

Anxious Lebanese turn to property amid banking crisis

BEIRUT: The Lebanese real estate sector has witnessed a spike in activity in the past three months despite an economic crisis that has seen the exchange rate of the dollar reach 6,000 lira, four times the official price. Raja Makarem, a property expert and director of Ramco Real Estate, said that sales over the past three […]

Read More

Lebanon – A boom where others bust

Property development defies logic while banks thrive in global crisis   If one thinks about how political unrest might damage the real estate sector in a country and then looks at the demand and price figures in Lebanon, there is a sense of awe, if not confusion. “You cannot follow your textbook in real estate […]

Read More

Lebanese buy up property as government defaults

 Investors seeking safe haven for cash are driving a real estate boom   Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up […]

Read More

Investors are turning to the real estate market

Fear of a “haircut” on deposits and an official devaluation of the Lebanese Pound, reinforced by the introduction of informal capital controls, is driving increasing numbers of Lebanese towards the real estate sector to safeguard their savings and protect themselves from a possible country-wide bankruptcy. Depositors with small budgets are turning to residential property, favoring […]

Read More