04.08.2011 - Lebanon: Property sales down by 19 pct in 2011
Lebanon’s once booming real estate sector is now seeing a sharp drop in sales in the first six months of this year as the economic slowdown, deep political rift and regional tension ravages most tourism, trade and construction industries. According to figures released by the Directorate of Real Estate, real estate activity in Lebanon during the first half of 2011 fell by 18.6 percent relative to the same period in 2010 with a total of 37,386 transactions..............................................Full Article: Source
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