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Lebanon sees 14.5 pct drop in real-estate transactions

Posted on 29 November 2011

Lebanon’s real-estate sector took a hit in 2011 as the number of real estate transactions tumbled by 14.5 percent year-on-year as of the end of October 2011 influenced by domestic political bickering and regional unrest, reported Credit Libanais Bank in its latest weekly market report.
The report said the real-estate sector demonstrated sluggish activity when compared to the same period last year with the number of real estate transactions dropping year-on-year to 66,143 from 77,360, Credit Libanais Economy Research Unit said………………………………………..Full Article: Source


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