The relatively high asking prices of apartments are discouraging some Lebanese to buy properties (AP Photo/Hussein Malla)
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Demand for properties in Lebanon in the first quarter of 2016 fell by more than 12 percent due to political uncertainties and economic slowdown, according to Byblos Bank Real Estate Demand Index.The study is based on a monthly survey of 1,200 Lebanese regarding plans to buy or build housing. The real estate market was seen as one of the most lucrative sectors in Lebanon before the Syrian war broke out in 2011 . Most foreign direct investment in Lebanon was channeled to real estate.
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