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Real Estate Briefing - Categorized | Market Moves, Performance more

Lebanon’s property sales down 21 pct this year

Posted on 25 May 2011

The political deadlock over Cabinet formation and the volatile situation in the region have started to take their toll on Lebanon’s once booming real estate sector, with total sales of properties falling 21 percent in the first four months of this year.
According to figures released by the Directorate of Real Estate at the Finance Ministry, property transactions registered at the ministry reached 23,563 in this period, a drop of 21.3 percent compared to the same period of 2010……………………………………….Full Article: Source


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