Home Real estatePushing for reform

Pushing for reform

by Matt Nash

Despite the malaise affecting Lebanon’s economy, there’s still some life in the real estate sector. Developers are building, and people are buying new apartments – at least in some market segments. Stagnation is the sector’s buzzword, as it has been for the past few years, and market players are resting on demand related to population growth, hoping the boom years will return. Executive sat down with Massaad Fares, president of the Real Estate Syndicate of Lebanon (REAL), and Namir Cortas, head of the Real Estate Developers Association of Lebanon (REDAL), to talk market conditions and challenges facing the sector. Both Fares and Cortas are also top managers at property development companies, and Fares also heads a brokerage firm.  E   REAL has been running courses for real estate brokers with an aim to professionalize the sector for the past three years now. Can you tell us more? Fares: We’ve developed a

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