Gulf investors eye Lebanon property market
Lebanon's real estate market has been growing noticeably in the first quarter of 2006 due to increasing demand of properties by Lebanese and Gulf investors. According to Kuna, real estate investment has become an essential part of the Lebanese national economy holding 11 percent of the annual Gross Domestic Product (GDP) or US$ 20 billion, compared to 4.5 percent in the 1970s.
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