Real-Estate in Lebanon skyrokets

18Jul08

The number of real-estate sales operations in Lebanon in the first five months of 2008, rose by 19.4 percent (1/5th) compared to the same period of 2007.

This was coupled with a significant rise in property taxes receipts of 55.2 percent to reach LL204.7 billion. The Lebanese ministry of Finance said in a statement the ‘value of properties sold‘ in Lebanon over the past five months of this year rose by 72 percent to reach $1.993 billion.

It added that although property prices have been on an upward path in Lebanon, this rise has been at a slower pace than the global and regional increases in real-estate prices, thereby leading to a further interest in Lebanon’s real-estate sector.

The majority of collected property taxes in the first five months of 2008 were in:

  • Beirut with 30.3 percent of the total amount.
  • Baabda with 22.2 percent,
  • Metn with 19.1 percent,
  • Keserwan with 11.0 percent,
  • North with 7.1 percent,
  • South with 5.5 percent,
  • and the Bekaa Valley with 4.0 percent.


7 Responses to “Real-Estate in Lebanon skyrokets”

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  5. Great stuff. Nice to read some well written posts that have some relevancy !

  6. Agreed Kheireddine. Lebanon has in its recent history had much potential for growth, the World Bank has seldom mentioned it and has been eying it more closely, its real-estate is one of its most solid assets. It’s an “almost” guaranteed return on investment, if its regional politics permits.

  7. What a crazy country!


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