Property Investor information: Lebanon
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Property Investor information for: Lebanon
For over a decade, Lebanon was effectively a war zone as militia fought for control of Beirut's streets. Today, the country is calm. Before the troubles began, Lebanon was a local tourist hotspot, a Middle Eastern Riviera with fine wines, excellent cuisine and a very cultured population. Compared to much of the rest of the Middle East, Lebanon is expensive. In fact, property prices are on a par with most Western European cities. Large apartments in tower blocks can cost over £300,000 and the capital, Beirut was last year voted the 28 th most expensive in the world. Prices may already be high, but they are still growing. Lebanon, particularly the cities of Beirut and Tripoli, was extremely popular before the troubles and is again beginning to fulfil its potential. Many multinational companies have their regional head quarters in the city, including Virgin and Ericsson. Despite its recent history, Lebanon is a country of much appeal. Prices are high and increasing to rise, but Lebanon's full potential is still to be reached. This country may be a little 'out of the box' in most investors thinking, but it is certainly worth investigating.
