Real estate sales up 41% in Lebanon

Real estate sales in Lebanon in the 1st quarter of 2010 are up 41 percent compared to the same period of 2009. In dollars the sales volume is slightly over $2 billion, according to figures released by the Directorate of Real Estate.

“Lebanon’s property sector flourished in the first quarter of 2010, benefiting from strong economic growth, continued large remittances from Lebanese working abroad, large inflows of foreign capital, population growth and robust tourism,” said a report carried by Bank Audi’s Weekly Monitor.

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