What next for Lebanon’s real estate market – Abdallah Hayek

LEBANON’S REAL ESTATE MARKET Bankmed – Market & Economic Research division source: real Estate Registry, Bankmed Research Real Estate Market Demand Side Real Estate Transactions Lebanon’s real estate sector has proved to be one of the pillar sectors of the Lebanese economy.

Lebanon's real estate sector has taken a hit in recent years, where a multitude of factors. Abdallah Hayek, CEO of Hayek Engineering and Construction Group, said in an. Next PostCNN Report – Lebanon's Silicon Valley.

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Ghostly apartment blocks and half-built buildings dot Lebanon, as entrepreneurs and experts fear that the country’s key real estate sector is on the brink of collapse. The country’s construction sector witnessed an unprecedented boom from 2008, fueled in part by sales to wealthy Gulf Arabs and Lebanese expatriates.

Real Estate Data for Lebanon. lebanon market trends indicate a decrease of $3,197 (-1%) in median home sales over the past year. The average price per square foot for this same period rose to $144, up from $135.

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However, as the demand for real estate property moderated in the past few years, lending to construction gradually adjusted to the falling activity in the real estate sector. In fact, construction loans grew by only 5% in 2014, recording USD 9,599 million by end-2014.

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What next for Lebanon’s real estate market Amongst major challenges faced by the new Lebanese government is the stability of the real estate and housing sector, with questions being raised on the possibility of avoiding a price crash and survive amid the current market fundamentals?

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