31.10.2008 - Multiple factors figure to let air of out Lebanese real estate
From Dailystar.com.lb: Economists and real-estate brokers predicted on Thursday a drop or at least a freeze in the prices of properties in Lebanon due to the global credit crunch, a fall in the prices of building materials and an expected reduction in remittances from Lebanese expatriates working in the Gulf Arab states. "Naturally the prices of properties will either drop or stop growing. Apart from the economic situation in the Gulf states, the cost of building materials have fallen," Ghassan Diebah, a professor of economic and finance at the Lebanese American University said..... Full Article: Source