Liberalizing the rent market: #Real_Estate speculators to evict both tenants and landlords
▻http://english.al-akhbar.com/content/liberalizing-rent-market-real-estate-speculators-evict-both-tenan
An aerial view of #Beirut, Lebanon, taken on February 24, 2014. (Photo: Marwan Tahtah)
Over 200,000 apartments in Lebanon are vacant. This figure raises legitimate questions about soaring apartment prices, when the population in Lebanon has been more or less stable. In this context, it seems that speculators are capitalizing on the drama involving landlords and tenants renting their properties on old contracts. In other words, one outcome of the affair could be not only the eviction of old tenants by their landlords, but eventually, also the “eviction” of landlords by real estate speculators.
Mouhamad Wehbe
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#Economy #Articles #Charbel_Nahas #GCC #Mohammad_Younis #rent_law #speculation