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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, …