ICEC

Value of Real estate transactions rise in Lebanon

According to report by Credit Libanais Bank, the number of real estate transactions in Lebanon has declined by 4.29% in February from a month earlier, but gained in value.

The number of transactions fell to 5,156 in February from 5,387 in January while the value of transactions managed to climb 6.66% to $600m.

On a year-on-year basis, the number of transactions fell 0.82% in the first two months of 2012 in line with a decrease in the total value of transactions that shed $40min the same period, falling to $1.16bn, the report said, as Daily Star stated.

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