Thursday, January 28, 2016

Property sales continue to drop. Fares: Numbers are not so bad


The activity of the real estate sector dropped for the second consecutive year, according to figures published by the Real Estate Registry at the Ministry of Finance.

The number of transactions totaled 58,000, down by 15 percent compared to 2014. The value of transactions reached $7.6 billion, falling by 14 percent. "With everything happening around us, the drop in the numbers is not that bad," said Massaad Fares, Chairman of the Syndicate of Real Estate Association in Lebanon (REAL). Not...

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