View of Achrafieh hill, Beirut. (Credit: Illustration Philippe Hage Boutros/L'Orient-Le Jour)
It took Lina* just 10 days to rent out her furnished apartment in Gemmayzeh after the cease-fire between Hezbollah and Israel came into effect on Nov. 27.“Within a few days starting mid-December, several real estate agencies reached out to ask if I wanted to sell the apartment I had just rented. I was surprised by this sudden interest, especially since I had no intention of selling,” she said. Read more Prices increased in November for the second consecutive month in Lebanon Following two months of a full-scale war between the two adversaries, the cessation of bombings in Beirut at the end of November brought much-needed relief.“The day after the cease-fire announcement, the real estate market remained very subdued. I wasn’t expecting miracles, but it was slower than I had anticipated,” said Karim*, a developer working on a...
It took Lina* just 10 days to rent out her furnished apartment in Gemmayzeh after the cease-fire between Hezbollah and Israel came into effect on Nov. 27.“Within a few days starting mid-December, several real estate agencies reached out to ask if I wanted to sell the apartment I had just rented. I was surprised by this sudden interest, especially since I had no intention of selling,” she said. Read more Prices increased in November for the second consecutive month in Lebanon Following two months of a full-scale war between the two adversaries, the cessation of bombings in Beirut at the end of November brought much-needed relief.“The day after the cease-fire announcement, the real estate market remained very subdued. I wasn’t expecting miracles, but it was slower than I had anticipated,” said Karim*, a developer working on...