BEIRUT: It's a buyer's market. Developers are selling at 25 percent discounts . Now is the time to own your residential apartment. Prices will rebound once a president is elected, says the common wisdom.
This is only a sample of what the majority of developers, brokerage firms, research analysts and bankers have been telling people for more than two years when asked about Lebanon's real estate market. And this is what the Lebanese like to tell themselves, that property and real estate will always accrue value and generate fixed income.