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Elie's picture
5 years 1 week ago
Elie - I am not an economist nor do I pretend to have a thorough understanding of real estate but what I am certain of is that current pricing of real estate in Lebanon is fueled by the super greedy Lebanese mentality. Prices are way unjustifiable. I understand that there is a place for luxury apartments but the majority of new projects should not target this sector. In fact, the majority of the Lebanese cannot buy anything whether in Beirut or in the nearby suburbs. People are forced to take huge loans from banks or ask for their families help in order to get half decent apartments. Instead of pointing out the obvious lack of lands in Beirut to justify the ridiculous pricing one should ask for more scrutiny from state agencies regarding real estate and the charlatans running this sector.