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Lebanese real estate sector in state of anticipation

Posted on 09 November 2012

The Lebanese real estate market is experiencing a phase of stagnation after a boom that invigorated the sector between 2005 and 2010.
Observers are waiting to hear how recently-proposed government taxes could affect the sector, which is experiencing its lowest growth rate in more than six years. This came after the Lebanese cabinet in September began discussing a draft law geared towards raising fees on construction permits and imposing taxes on real estate profit, in order to fund public sector wage hikes………………………………………..Full Article: Source

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