But this report, which was prepared by
"This report is inaccurate and does not reflect the reality. ... This report is aimed at giving publicity to and promoting the real estate sector in
The CNN report said, "Despite its violent history,
"Yes, there has been some recent spillover from the ongoing Syrian conflict. But the Mediterranean coastal city is known for its culture and nightlife, which attracts a young population," CNN Money quoted
"Real estate in the city still looks very cheap by international standards," Barnes told CNN.
According to CNN, prices for two-bedroom apartments in
Hobeika insisted that the report was misleading if not just wrong.
"Some agencies may have a vested interest in releasing such reports and studies. Contrary to this report, there are hundreds of vacant apartments in
Echoing similar views, Wazni said that the assessment was not very convincing.
"I don't think this report will have any impact on the real estate sector in
Wazni suggested that real estate brokers and developers may have been behind the work.
"Any investors who want to come to
Experts agree that the property prices have reached alarming levels over the past few years.
"The average price per square meter in
However, the president of
"Once again, the investors have put
Chammas said it would have been better if the report had also addressed the business climate, cost of living and quality of life, human resources and universities.
He added attention should have been paid to the productive sectors such as industry and agriculture.
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