Lebanon Real Estate Newsletter

Vol. 4, Issue 8 - August, 2008

Editorial

Regional Effects on the Lebanese Real Estate Market By Eng. Abdallah Hayek 

"The visit of French President to Syria, Syrian indirect negotiations with Israel, Iran's diplomatic effort to cease political tensions, the US elections, the resignation of Israeli P.M this month as expected, EU involvement with the peace keeping forces in the South, and future expectation in the region is totally affected by the US foreign policy and the new strategic issues towards Iran and Iraq... " >>Read more

Nearly 50 percent rises in Arab investment in 2007 in Lebanon.

"The Arab Investment & Export Credit Guarantee Corporation estimated that Arab investments in Lebanon reached $3.343 billion in 2007, up 47.5 percent from $2.267 billion in 2006, and an 87.8 percent rise from $1.780 billion in 2005..." >>Read more

EIU & Citigroup report paints rosy picture of Lebanese economy

"BEIRUT: For the second time since the May 21 Doha accord, the Economist Intelligence Unit (EIU) revised upward its economic growth forecast for Lebanon to 4.4 percent for 2008 and to 4.6 percent in 2009, but ..." >>Read more

Banque du Liban uneasy about booming real estate market

"The American housing market today is in shambles, with July seeing the lowest number of houses sold of any month in nearly a decade. One year ago, the average time to sell a new house was about five months, but the average clearing time has since dropped to almost 12 months. The effect of this downturn in housing prices has rippled through the economy and is leading some economists to predict a downturn across the board. ..." >>Read more

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