Tuesday, 30 November 2021 01:22 GMT

Lebanon financial crisis spreads concerns among real estate developers


(MENAFN) Lebanon was declared to be bringing about deep concern among real estate developers, as they face difficulties dealing with its market after going through a financial crisis.

Real estate developers were explained to have been forced to lower their prices, in an effort to lessen their losses after an increasing struggle to sell properties.

Lebanon has also received growing tensions when Central Bank declared the majority of banks to have spent funds BDL has offered to subsidize housing loans for families with a low income.

Banque du Liban roughly provided USD500 million financing were explained by Central Bank Governor Riad Salameh to have been exhausted in a month as a result of unprecedented demand.

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