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Lebanon witnesses drop in construction activity

: Tuesday, June 24 - 2014 @ 02:07

According to data by Lebanon’s Order of Engineers, the share of small-sized apartments rose to 48.81% of the total number of licensed residential units in 2013, The Daily Star has reported. Meanwhile, the number of construction permits for residential buildings dropped 10.81%, compared with the previous year. The data confirms earlier reports of a slowdown in the country’s real estate sector in 2013, in line with sluggish economic activity across all sectors, mainly due to the conflict in neighbouring Syria.

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Tuesday, June 24- 2014 @ 2:07 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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