Despite its history of continuous turmoil and the prevailing unrest in neighboring countries and the whole Middle East region, the real estate sector in Lebanon is still proving resilient with a positive outlook in 2015, offering a very fertile soil for investors and keeping its edge as a regional financial hub and coveted destination for tourists.
Lebanese expatriates seem to be more confident and help picking up the real estate market’s momentum in time Lebanese residents prefer to wait for better improvements on both political and security scenes to become serious buyers.
As opposed to the past where the demand was for large apartments, the need nowadays shifted to smaller residential units both in Beirut and its outskirts where developers are planning projects housing flats between 90 and 150 square meters.
It is worth mentioning that recent reports from Savills World Research, Candy & Candy and Deutsche Asset & Wealth Management placed Beirut at the top ranking number one city for investors, noting that real estate prices are still on the low end compared to international standards.
Having said that, and should improved circumstances gather and better sentiment reign with the election of a new President, Lebanon real estate sector remains significantly strong and appealing to many.
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