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Lebanon recorded less property deals by foreigners in 2012
- Lebanon: Thursday, January 17 - 2013 at 04:45
According to statistics published by Lebanon's Directorate of Land Registry, the number of real estate sales in the country fell in 2012 but the total value of transactions grew by 3.8%, The Daily Star has reported. The number of transactions declined by 9.9% in 2012, following a more acute drop of 11% in the previous year, although the value of sales transactions grew by $330m to $9.175bn in 2012, compared with $8.841 billion in 2011. Sales to foreigners registered a decrease of 8.9% in the volume of sales, the data showed.
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