Buildings under construction in Beirut, Thursday, Aug. 14, 2014. (The Daily Star/Mahmoud Kheir)
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The new taxes and fees on properties have affected demand for apartments and houses in the third quarter of this year, the Byblos Bank Real Estate Demand Index reported Monday.The report said that the index decelerated by 13.4 percent July and by an additional 11.7 percent in August, before slightly improving by 3.8 percent in September, with the outcome in September representing a retreat of 26 percent from the index's recent peak of 65.9 points reached in December 2016 .The results of the index show that demand for housing was the highest in the north in the third quarter of 2017, as 9.7 percent of its residents had plans to build or buy a house in the coming six months, compared to 7.4 percent in the preceding quarter.Mount Lebanon followed with 5.7 percent of its residents planning to build or buy a residential unit in the coming six months relative to 7.5 percent in the second quarter of 2017 .
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