Demand for houses in Lebanon drops by 8pct

08 Sep 2016

(MENAFN) Demand for houses in Lebanon dropped by 8.3 percent in the second quarter of this year, which constitute the seventh lowest level in 36 quarterly readings.

Accordingly, the average monthly score of the cited period showed a decline of 70.3 percent from 131 points recorded in the same quarter of 2010.

Additionally, the drop in housing demand was reflected in the answers of consumers to the Index survey questions.

The results of the second quarter confirm the trend of very low demand for residential real estate in the country.

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