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The UPS Or DOWNS Of Real Estate?

“Lebanon’s real estate market is currently stagnant,” agree most real estate experts.If some, however attribute the stagnation to the unstable domestic and regional situation, others describe it as normal after more than five years of growth.

 

 Lebanon’s real estate market has recently witnessed an oversupply of luxury apartments particularly in the capital. Developers have turned into the construction of small apartments, ranging from 60 and 150 square meters to meet local demand Economist Louis Hobeika who believes there is now an excess supply of apartments, offices and shops which is a normal circle as a result of price upsurge, has recently advised developers to move towards the construction of small and medium sized apartments.

 

In the first quarter of 2012, the number of real-estate transactions fell by 3.39 percent to 16,784 down from 17,373 in the first quarter of 2011. While the Beirut International Property Fair 2012 has recently launched in Beirut, for many real estate experts, only the regional developments will change the market for better or worse in the future.

 

 

 

Beirut

Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.

ECO INITIATIVES

  • A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
  • The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on  Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
  • A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.

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