SAWT BEIRUT INTERNATIONAL

| 29 February 2024, Thursday |

Housing Bank loan, for rich only

One billion Lebanese pounds is the loan value announced by the Housing Bank.
Positive news when we hear it, and for a moment, we think that buying apartments has become easy, but when we dive into its details, we discover that it is not that easy owning an apartment worth 37 thousand dollars, if we rely on the exchange rate on 27 thousand
Knowing that this amount will be given to the borrower, which means that its value will be less when it is spent. As for the real estate market, will it be positively or negatively affected by this decision? So, the majority of young people will not be able to obtain the loan, except for those who receive their salary in US dollars, and they are a minority.

    Source:
  • Sawt Beirut International