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Real estate transactions in Lebanon up!

Number of real estate transactions in Lebanon up 3,3% in first eight months of 2014

Figures released by the Ministry of Finance indicate that the total number of real estate transactions reached 45,348 in the first eight months of 2014, Byblos Bank ‘Lebanon
This Week’ reported.

This constitutes an increase of 3.3% from 43,883 deals in the same period of last year.

In comparison, the number of real estate transactions dropped by 4.6% in the first eight months
of 2013 and declined by 9.5% in the same period of 2012.

Also, the aggregate value of real estate transactions totaled $5.9bn in the first eight months
of 2014, constituting a rise of 10.5% from $5.3bn in the same period last year.

The value of real estate deals was $5.5bn in the first eight months of 2012 and $5.2bn in the
same period of 2011. In parallel, the average value per real estate transaction increased by
6.9% year-on-year to $129,440 in the first eight months of 2014 relative to average values of $121,049 in the same period of 2013 and $119,299 in the first eight months of 2012.

There were 670 real estate transactions executed by foreigners in the first eight months of 2014, down 16.6% from 803 deals in the same period last year, and compared to an annual decrease of 8.1% in the first eight months of 2013 and an increase of 1.2% in the same period
of 2012.

In parallel, the number of real estate transactions by foreigners accounted for 1.5% of total real estate deals in the first eight months of 2014 relative to 1.8% in the same period of 2013 and
1.9% in the first eight months of 2012.

BEIRUT | iloubnan.info - September 28, 2014

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Apartments for sale in Mazrait Yachouh

Younger Home Buyers Happier In Smaller House!

Younger Home Buyers, Smaller Houses

The average size of new homes has been dropping in recent years. If you peruse the "recently sold" listings in your own neighborhood, you might be surprised to see that most sales are of smaller homes.

Many of the younger home buyers I work with are looking for smaller houses. 

Should you consider buying a home yourself? Living in a small home has many benefits.

8 reasons why you’ll actually be happier in a smaller house:

1. Easier to maintain and clean. Anyone who has owned a house knows the amount of time, energy, and effort to maintain it. All things being equal, a smaller home requires less of your time, energy, and effort to accomplish that task.

2. Less expensive. Smaller homes are less expensive to purchase and less expensive to keep (insurance, taxes, heating, cooling, electricity, etc.). A smaller house can mean a smaller house payment and lower energy and maintenance costs. It costs less to furnish a small house because you don't have two living rooms you just have the one that gets used.

3. Less debt and less risk. Dozens of on-line calculators will help you determine “how much house you can afford.” These formulas are based on net income, savings, current debt, and monthly mortgage payments. They are also based on the premise that we should spend ”28% of our net income on our monthly mortgage payments.” But if we can be more financially stable and happier by only spending 15%… then why would we ever choose to spend 28?

4. Easier to live simply. You will be less tempted to accumulate and to buy it in the first place. Moving into smaller home forces you to intentionally pare down your belongings.

5. More time. Many of the benefits above (less cleaning, less maintaining, live simply...) result in the freeing up of our schedule to pursue the things in life that really matter – you can use the extra time to read, play with your kids, cook healthful dinners or enjoy your hobbies.

6. Easier to sell/ Wider market to sell. By its very definition, a smaller, more affordable house is affordable to a larger percentage of the population than a more expensive, less affordable one. Also, energy costs continue to rise. That means energy-efficient homes, especially small energy-efficient homes, will be in high demand in the future.

7. Quality indulge. It costs a small fortune to upgrade a big apartment. You have to buy so much more that you may have to make sacrifices in terms of quality. Living in a small house means you can splurge on quality upgrades because you have less to buy.

8. Less environmental impact. A smaller home requires less resources to build and less resources to maintain. And that benefits all of us, especially young generations.

There's no doubt that small homes are seeing a resurgence as people realize how cozy, comfortable and inexpensive they can be. Smaller homes just feel good, and living in one makes it easier to be close with your family. Plus, the cost savings of smaller homes can really add up over the long term.

Your home is a very personal decision that weighs in a large number of factors. Only you know all the variables that come into play when making your decision.

I just think you could be happy in smaller house with quality… rather than the other way around.

Purchasing for the first time .

How to buy a house?

Is it your first time hunting an apartment and you need some help and tips to make sure you are on the right path? Do you want to get rid of your annoying neighbors and find a place you can spend your lifetime in peacefully?

Home buying isn’t a simple thing, and won’t happen over day. It is a process that takes time.

But don’t worry; and look no further, you are on the right page. Not only we display houses for sale on www.sodeco-gestion.com , but we will help you through this process to make sure you chose the right one.

Here are some useful tips that you will need to know and memorize.

1-     Know your budget.

You should set your own budget, and we will find you the best value for money.

2-     Buying or Renting?

It depends on where you live and how long you plan to stick around,

researchers found that in most major markets it still makes better financial sense to buy.

3-     Be ready for any down payment

What is a down payment? It is a type of payment made in cash during the onset of the purchase of the house. The payment typically represents only a percentage of the full purchase price.

Generally there are 20% down payment and you’ll need an additional 3 to 5 percent for closing costs.

4-     Bank Loan:

Determine 28% of your gross monthly income, this is the recommended percentage to use on your entire house payment: principal, interest, mortgage insurance, taxes and home insurance.

We can help you to calculate your loan here: http://sodeco-gestion.com/mortages.aspx

5-     Aim for a house you can really afford. It is a simple but important tip.

6-     Be careful for every detail while buying and ask about the neighborhood.

Is there a school in the district you are moving to? Is it a calm neighborhood? How far is it from your business place? All of those little factors can help boost your property’s value.

 

7-     Be real about prices.

Keep in your mind that every place the price changes from another. It all depends on where you are buying. For example, the square meter in Beirut’s price is higher than the square meter in Metn. Don’t expect it will all be the same.

8-    Don’t let your vision limit your imagination

Sometimes while visiting the properties, they aren’t ready yet, for example their furniture isn’t removed. Don’t see the apartment just like it is, but use your own imagination to see the apartment the way it will be after you make it your own style and furniture.

Check our decoration tips on:  www.homestaging-lb.com

9-     Get professional Help:

You can call us on 01- 616 000 now, all you have to do is give us all of your details and we will do our best to find you the most suitable property and take you plenty of visits.

We take care of our clients, and always leave them satisfied.