Lebanon’s real estate market, especially its high-end segment, has been directly impacted by internal and external constraints. Both the financial crisis and the delayed formation of a new government have buyers thinking carefully about their next investments. Still, considering current circumstances, the market performed fairly well this season and developers are more or less content with the overall outcome. Sales numbers have not drastically dropped, and prices did not decrease further than the 10 to 15 percent recorded in the first six months of the year. But experts agree that units priced at above $1 million are hard to sell, and demand is concentrated on the lower market segment — mostly ranging between $300,000 and $700,000. Moreover, even though Gulf investors don’t represent a big chunk of the demand, they were particularly absent this summer. “[The high demand] has materialized to a large degree for the Lebanese, but less for
