Gemayel warns against selling land to Hezbollah

MP Sami Gemayel who a key member of the Phalange party parliamentary bloc warned Thursday against selling land “arbitrarily” to the Shiite group Hezbollah in Mount Lebanon. “Lands are being sold randomly in Aley and the Shouf region of Mount Lebanon , and we should confront the selling.

Saudi prince to resell Lebanese land after objections

LBC television reported on Sunday that Saudi Prince Muqrin bin Abdul Aziz, who bought a plot of land in the town of Dlebta facing the Christian pilgrimage site of Our Lady of Lebanon in Harissa., decided to resell it to a Lebanese citizen after the town’s residents and a number of Christian MPs objected to […]

Harb: My draft bill is to prevent exodus of Christians -update

Lebanon Labor Minister Butros Harb defended on Friday his draft bill that calls for banning the sale of land between various Lebanese sects for 15 years. “The real estate draft bill is reassure Lebanese Christians who believe there is a campaign to take over their property,” said Harb in an interview on Friday with MTV

Central Bank: Lebanon real-estate industry not a bubble

By Seda Sezer and Massoud A. Derhally Growth in Lebanon’s real-estate market, which has helped to spur economic growth, is unlikely to create a housing bubble, the country’s central bank Vice Governor Saad Andary said. “Out of each 100 dollars spent on property acquisition, not more than 16 to 18 dollars are financed by banks,” […]