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Lebanon’s booming real-estate market is based on solid foundations and isn’t a bubble. Real-estate sales in Lebanon in the first nine months were worth $7 billion, 60 percent more than a year earlier. The boom has helped Lebanon’s economy defy the global crisis.

The International Monetary Fund and the Central Bank forecast growth of 8 percent in 2010, from 9 percent last year.

Beirut witnessed the highest increase in property prices in Lebanon, attributed to the increasing scarcity of empty plots in the capital and the fact that it is home to high-end property projects.

The value of property sales in Beirut grew by 87 percent in the first quarter of the year, mainly due to the surge in prices, as the number of property sales in the Lebanese capital registered a rise of 27.7 percent during that period.

Despite the rise in property prices in Lebanon, such prices remains quite competitive relative to comparative property prices in the Arab region at large. Demand is strongest for newly built apartments, and prices drop around 20 to 30 percent for existing apartments.

Riad Salameh, the governor of the Banque du Liban, issued two contradicting statements, one in 2008 where he raises fears about a real estate bubble and another one in 2010 where he claims that there is no real estate bubble in Lebanon (although prices have increased 2 folds between the 2 dates) and that the demand.

An investment made in Lebanon can benefit from the risk mitigation advantage offered by the Inter-Arab Investment Guarantee Corporation and the National Institute for the Guarantee of Deposits, which guarantee inter-Arab and national investments up to a certain extent.

Lebanon’s fiscal system protects investors from double taxation by netting out any taxes incurred on investments in Lebanon from compulsory taxes borne by the foreign investor in his country of origin.

Beirut Real Estate is one of Lebanon leading real estate services. Whether you want to buy, rent, lease, or vacation in Lebanon, Beirut Real Estate can help find what you are looking for. We cover all cities, towns, villages and districts in Lebanon. We can help you find apartments, houses, land, commercial property and much more.

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