Most Beirut properties completed in 2012 unsold | Business , Lebanon

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  • Le marché immobilier libanais complètement à plat
    Pas étonnant étant donné son inadéquation avec la demande. Du reste, seuls les petits appartements se vendent encore...

    Most Beirut properties completed in 2012 unsold | Business , Lebanon | THE DAILY STAR
    http://dailystar.com.lb/Business/Lebanon/2013/Jun-06/219586-most-beirut-properties-completed-in-2012-unsold.ashx#axzz2VQ2Gr

    Some 72 percent of residential projects in Beirut completed overthe course of 2012 with a market value just shy of $400 million are still unsold, according to a study released Tuesday by real estate adviser RAMCO. In the study RAMCO said that 217 apartments – representing a total of 71,361 square meters – completed in 2012 remain on the market.

    The study further proves that economic stagnation and political uncertainty are taking their toll on the once-thriving real estate market in Lebanon.
    Most developers and brokers have told The Daily Star that potential buyers have been focusing more on small-to-medium-size flats outside the capital.

    According to RAMCO, 18 – or 28 percent – out of 65 residential projects with an asking sale price of at least $2,800 per square meter are completely sold out.

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    #Liban
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