Category Archives: News
Apartment prices in Beirut in 2021: How much is an apa...
This is part I of a three-part series on property prices in Beirut. The next part will focus on Ras Beirut, while part III will focus on Downtown. The real estate market in Beirut has changed greatly since the onset of the financial crisis that has gripped Lebanon for two years. In collaboration with Ramco Real Estate Advisers, L’Orient-Le Jour is looking at the different trends, neighborhood by …
Lebanese property market remains depressed
The Lebanese property market remains depressed. There are too many new builds on the market, depressing values; Beirut seems overpriced; yields are low; demand is falling sharply; economic growth is anaemic, and construction is weak. The truth is, the stimulus of the influx of Gulf money in 2008-2010 still haunts the market. House prices in several areas of Lebanon doubled from 2008 to 2012, …