A recent survey from Savills World Research, Candy & Candy and Deutsche Asset & Wealth Management named Beirut a top real estate choice for adventurous investors. In addition to being a coastal Mediterranean city, which comes with its own perks, Beirut has a thriving culture and nightlife. This combines to create a large population of successful young people. Add in its reputation as a financial hub, and you have a city primed to be a success.
However, when you look at the number, real estate in Lebanon seems a bit surprising. If you compare real estate prices with GDP per capital, you see an extremely high ratio. Why is this? Some may call the situation in Lebanon unusual, perhaps due to surrounding unrest. Others point to bank loans. However, Lebanon has held its market growth strong for years now and is still pointed to as a promising investment. This may be due to the high number of incentives for investing, which apply to both Lebanese and foreigners alike.
Because of the unique situation in Lebanon’s housing market, it can be overwhelming to try to understand all the pros and cons of acquiring real estate. If you’re thinking about investing in Lebanese real estate, find a legal team close to the land you’re looking for. The Lebanese lawyers at Mattar Law are intimately familiar with the real estate market in Lebanon, as well as knowledgeable about the laws that may reward you even further for seeking to invest. Contact the lawyers in Lebanon at Mattar Law Firm today for a consultation.