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Lebanese real estate association sees prices quadrupling
- Lebanon: Saturday, September 08 - 2012 at 01:54
Lebanon's real estate contractors association has said apartment prices are expected to skyrocket over the next few years despite current stability in real estate markets, The Daily Star has reported. A sustained scarcity in land available for real estate projects has been pushing prices upward sharply but had not yet affected apartments, said the head of the association, Elie Sawma. "In the near future a market adjustment is bound to happen and the increase in land prices would be reflected in apartment prices," said Sawma.
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StaffSaturday, September 08 - 2012 at 01:54 UAE local time (GMT+4)
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