Economists say GDP growth as well as political and security stability are the main factors determining the future of property demand in Lebanon. (The Daily Star/Mohammad Azakir)
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demand rose over 13 pct in 2017: surveyDemand for properties in Lebanon in 2017 surged by 13.7 percent to 47.6 points compared to 2016, but this score is still far lower than the peak achieved in 2010, according to the Byblos Bank Real Estate Demand Index which was released Monday. Ghobril pointed out that "the index's results reflect the intentions of the Lebanese to buy or build a house, but these intentions need a conducive environment to translate into actual sales, which, in turn, requires immediate measures and incentives".He reiterated the need to stimulate demand over the short term by halving the registration fee of purchased residential units for a two-year period as this would incentivize the purchase of property.
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