TMCnet News
Lebanon's property deals value up 9.7% y/y to USD 5.1bn in Jan-Jul 2014 [IntelliNews - Weekly Reports](IntelliNews - Weekly Reports Via Acquire Media NewsEdge) The value of real estate transactions in Lebanon rose 9.7% y/y to USD 5.1bn in the first seven months of the year, boosted by domestic acquisitions, according to data from the finance ministry, published by internet portal iloubnan.info. The average value per real estate transaction increased by 7.2% y/y to USD 130,778. Meanwhile, the number of property deals moved up by 2.3% y/y to 39,020 in Jan-Jul. A total of 572 transactions were executed by foreigners (down 20.3% y/y) and the rest were arranged by Lebanese residents. (c) 2014 Emerging Markets Direct Media Holdings LLC Provided by SyndiGate Media Inc. (Syndigate.info). |