Developers shrug off market downturn with new projects

albawaba

Lebanese real estate developers dismissed an imminent, drastic fall in property prices in Lebanon, despite the abundant amount of apartments in the country. “Real estate prices cannot fall sharply in Lebanon because lands on which real estate developers constructed their projects were purchased at very high prices,” Fady Jreissati, chief executive of Sakr Real Estate, said on the sidelines of the Dream 2016 exhibition.

From: FULL STORY