Residency for foreign property buyers suspended. Constitutional Council to hear appeal by parliamentarians

The Constitutional Council suspended Article 49 of the State 2018 budget, pending a final ruling on an appeal submitted by ten members of Parliament.

Article 49 grants residency to foreigners who purchase apartments valued at $500,000 in Beirut, and $332,000 outside Beirut.

On Tuesday a group of ten members of the Parliament lodged an appeal before the Constitutional Council to challenge the article.

These lawmakers are Sami Gemayel, Nadim Gemayel, Samer Saadeh, Fadi El-H...

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