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  • Lebanon Opportunities

    Parking funds in real estate

    Feb 11, 2020 3 minutes

    The de facto capital controls present a challenge for those seeking to convert cash into real estate. Real estate is largely selling at full value and deals are hard to find. Payment in dollars is preferred, though some developers are accepting lira. Payment is mainly made via banker’s checks.

    Rising demand

    All the developers and brokers interviewed stated that demand for real estate is currently high, especially for properties with title deeds that are ready to be sold. This rise in demand started in, Director of Sales at the Beit Misk project in Metn. , Managing Director of Landmark Real Estate, said that smaller apartments are still proving popular. The majority of clients are new customers according to Keyrouz. , Partner at Dergham and Hamdar Real Estate, with projects in Chiah, said: “All the customers are new.”

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