With property prices around the country appreciating significantly, more and more Lebanese are trying to beat the inflationary trend by buying a home. And the country’s banks are offering a plethora of home and housing loans. The rise of real estate prices and stagnation of consumers’ purchasing buying power in regards to acquiring property, especially homes, has compromised individuals’ ability to purchase a home in Lebanon, according to Société Générale de Banque au Liban (SGBL). “The weakness of the local rental offer in regards to meeting consumers’ growing needs and high demand, in addition to the over- cautiousness of these local lenders, has magnified the severity of this situation,” said Michel Fiani, strategy and marketing manager at SGBL. Banks have identified this need and targeted a population of prospective homeowners with housing loans that may vary from one banking institution to another, whether in their features or their potential market.
