Published on 30 July 2006 at 03:57 pm
Filed in Property News for Lebanon » An Essential Update on Lebanon
Regular readers of Amberlamb will be well aware that we were excited by the rapid and massive developments occurring in Lebanon - particularly in the capital city of Beirut where huge private and public investment was being poured into infrastructure improvements and into the rebuilding and modernisation of the Paris of the Middle East…
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Foreign direct investment into the real estate market in Lebanon dried up post 9/11 but after several years of sufficient stability in the region and the Lebanese government creating more investment incentives for the property investor, the investment real estate market in Lebanon has been boosted.
There is little direct information given by real estate agents about how to buy investment real estate in Lebanon because the process tends to differ from buyer to buyer, property to property; this guide provides the core facts fundamental to the property buying process in Lebanon for overseas property investors.
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Nowhere in the world is a country more committed to rebuilding and regenerating its economic fortunes than Lebanon. Once home to an incredibly attractive and successful real estate sector Lebanon is once again attracting international interest to its re-emerging property market.
Ravaged by war between 1975 and 1990 Lebanon saw national output fall by half and the country’s beautiful and ancient cities like Beirut and Tripoli all but destroyed. Now the amount of investment flooding Lebanon to rebuild the country is incredible, and the real estate investment opportunities emerging from this Middle Eastern, Mediterranean facing country are breathtaking.
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Beirut and Tripoli are the main centres of investor focus in the emerging property market of Lebanon and they both offer fantastic commercial and residential opportunities for property buyers interested in attractive rental yields and maximum underlying property price growth potential.
The majority of international real estate investors have yet to examine the opportunities that exist in Lebanon though, they remain unaware of the fundamental stability within the country now and of the government’s active commitment to economic growth through the promotion of foreign investment initiatives which already directly benefit foreign property investors.
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