What next for Lebanon’s real estate market – Abdallah Hayek

The real estate market is a significant sector of Lebanon’s economy as it contributes to nearly 15% of GDP. Also, it impacts positively on the government public finances, as real estate registration fees stand at nearly 8% of public revenues as of end-2016. Also, public revenues generated from the real-estate

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Hayek expects prices to remain stable until March 2009. "There will be dramatic changes in the global market but the flow of funds and capital to Lebanon will carry on. More money in banks will lead to higher lending [and] real estate prices will begin to rise again next spring," he said.

 · Below, I share an overview of the survey’s findings, region by region. For each market, I indicate the overall Affordability Of Real Estate grade awarded in the Index, as well as the current average per-square-meter price to buy, first in the local currency and then in.

However, as the demand for real estate property moderated in the past few years, lending to construction gradually adjusted to the falling activity in the real estate sector. In fact, construction loans grew by only 5% in 2014, recording USD 9,599 million by end-2014.

Doing so will prevent any price crash in the real estate market for the next couple of years. Abdallah Hayek is the CEO of Hayek Group, a leading civil engineering, procurement and construction (EPC) company for buildings and infrastructure projects established in 1951. The views expressed in this article are those of Mr. Hayek and do not.

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Fig 1 real estate directorate. As for the total property monthly fees, it exceeded the threshold of 100 billion LBP during March, August and October 2017. This rate has not been recorded for three months in one year since 2005.

The buyer was reported to be Saudi prince Badr ben Abdallah, acting in the name of powerful crown prince mohammed bin salman. prince badr was appointed to head the kingdom’s culture ministry in a.

The latest Tweets from Abdallah Hayek (@ahayek2000). CEO of Hayek Group LLC, Engineering and Property Developers, BS and MS in Civil Engineering Univ. of Cincinatti, ohio usa 1982. Achrafieh, Lebanon