Beirut apartments are still among the most expensive in the MENA region, and Lebanonâ€™s real estate trend is unlikely to remain sustainable, said a recently issued report. The report, dubbed â€œGlobal Property Guide,â€ ranked Beirut in 50th place in terms of the price of an average apartment. [Link]
Regionally, Beirut is second to Dubai. I wonder what is it that drives Arabs mainly and foreigners to buy houses and apartments in a country with no electricity, water shortage, no urban planning and tensions all across its borders. I’d understand prices in Beirut to be a bit expensive but the prices are just absurd, and it applies elsewhere too.
Average square meter in regions such as Jbeil, Tabarja or Keserwan as a whole costs around 1400$ last time I checked, and around 1800$ in Mount Lebanon areas.
Imagine the prices if we did have electricity, water and internet!
you don’t understand najib, if we did have urban planning, electricity, water, internet, etc… i don’t think the prices would be high, as i imagine that foreigners buy apartments here to feel like they are in the desert, and living the experience of survival, like Bear Grylls..
so imagine there are buildings in Kenya near the Lions and Tigers, wouldn’t you buy one if you could?
Lol No I wouldn’t buy an apartment near lions and tigers. I would go there for a vacation if anything.
I think it’s the sex selling that’s getting all foreigners to buy here, mainly Arabs. I wish there were statistics showing how many of the apartment owners actually live in them in Beirut.
Just a point of order….no tigers in Africa.
today i learned! thanks!