no outside beirut its still high end, you cant get a housing loan for that value of an appartment, in fact it should be half of that , you expect the gulf to pay 3.3 billion dollars to buy high end luxury appartments for palestinians in lebanon ?
If this could be a start for the settlement, they'll pay 10 times that.
The point is not to buy high end luxury apartments, it's to buy a residency permit.
i dont think they expect anything large in particular, just a slight push for the stagnant economy economy, they set the prices pretty high, they are targetting rich individuals, if it was low you may have something to worry about, but i am not buying it
The government itself isn't labelling it as a "slight push".
But they're lucky to have you defending what they aren't even defending.
The fact that now we're fighting an unequal fight, the lebanese are gonna be the biggest losers!
Consider this as a 10 year investment (forget the palestinians). Real Estate will always grow in Leb.
Yes it's slumping now, but it will grow again soon.
By encouraging rich foreigners to invest, only a minimal proportion of Lebanese will benefit from it, and with the prices going up with no supported loans from the central bank, the lebanese won't be able to invest in real estate anymore because they don't have the funds.