The volatility of the security situation in south Lebanon does not seem to be affecting property owners in Beirut. Whether it comes to land or apartments, asking prices have become increasingly disconnected from reality in recent weeks. Yet the Lebanese have only just emerged from several months of war.Signed on June 26, the trilateral framework agreement between Lebanon, Israel and the United States triggered a wave of optimism. Property owners quickly saw an opportunity to raise their asking prices. But this optimism ultimately masks a Beirut real estate market that remains sluggish. It is not at a standstill, but transactions are taking place only sporadically.There is no question that the current situation does not justify the recent price hikes. Prices are out of sync with the country's security, banking and economic realities....
The volatility of the security situation in south Lebanon does not seem to be affecting property owners in Beirut. Whether it comes to land or apartments, asking prices have become increasingly disconnected from reality in recent weeks. Yet the Lebanese have only just emerged from several months of war.Signed on June 26, the trilateral framework agreement between Lebanon, Israel and the United States triggered a wave of optimism. Property owners quickly saw an opportunity to raise their asking prices. But this optimism ultimately masks a Beirut real estate market that remains sluggish. It is not at a standstill, but transactions are taking place only sporadically.There is no question that the current situation does not justify the recent price hikes. Prices are out of sync with the country's security, banking and economic...
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