Managing partner at MASAHAAT Naji Ghadar. (The Daily Star/HO)
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Unlike the majority of agencies, Masahaat mainly provides services to Lebanese expatriates seeking to invest in the real estate sector or simply looking to own a residential unit mainly in Lebanon and Cyprus, Ghaddar said.Like residents, the percentage of Lebanese expatriates looking to buy residential units in Lebanon has dropped, Ghaddar said.Lebanese residents and expatriates have been also buying fewer residential units in Cyprus despite incentives by the Cypriot government to boost the real estate sector, Ghaddar said.For a permanent residency permit, one has to buy a residential unit for more than 300,000 euros ($415,000) and will have to visit Cyprus once every two years, Ghaddar said.
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