The Rise and Rise of Property Prices In Lebanon

My own house’s value has tripled in two years. You’d think a property bubble would be right around the corner, and yet everyone is so bullish about even better prospects for the real estate sector soon.

From the Daily Star:

“The real estate sector in Lebanon is booming and the governmental support is giving it the push it needs. Banks are also creating special packages to meet this expansion and we are expecting lots of visitors from the Gulf region during this summer which will have a great impact on properties demand,”

But..

prices of high-end flats will stabilize after this summer while prices of small and medium flats will keep on increasing for the coming two years. “This is due to the big supply of high-end flats and a lack of small and medium flats in the Lebanese market. Every developer is looking at high-end flats and the market will be soon saturated

Translation: Expensive flats will stay expensive, moderate ones will become expensive.