Lebanon sees 23% rise in value of real estate deals | Lebanon sees 23% rise in value of real estate deals -
Beirut

Lebanon sees 23% rise in value of real estate deals

: Wednesday, June 04 - 2014 @ 02:59

According to figures released by the Lebanese finance ministry, the value of properties until April of this year jumped by 23.3%, bringing up the total value of property taxes by 11.8%, while construction permits reported an expansion by 11.1% over the period, The Daily Star has reported. The number of sales operations rose by 8.9% from 20,244 in the first four months of 2013 to 22,038 in the same period in 2014. The value of property sales rose from $2.299bn in the first four months of 2013 to $2.834bn in the same period in 2014, a surge of 23.3%. Construction permits covered an area of 4,649,655 sq m in the first four months of 2014, against 4,183,329 sq m in the same period of 2013, a yearly increase of 11.1%, the data showed.

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Wednesday, June 4- 2014 @ 2:59 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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