عقدت الوسطاء والاستشاريين العقاريين – REAL, the third real estate forum in Lebanon at the “Fenisia” hotel, entitled “Lebanon returns to the front: promising exploitation opportunities and strategic initiatives in the housing sector”, under the auspices of the Prime Minister Nawaf Salam represented by the Minister of Finance Yassin Jaber, and in the presence of representatives Jimmy Jabbour, Alan Aoun, Wadhah al-Sadiq, Firas Hamdan, Elias Hanaksh and Ahmed Rustam, head of the Al-Wastaa Real Estate Association Walid Musa And the members of the association, the head of the housing association, Antwan Habib, to the heads of the associations, banks, real estate companies, and representatives of economic and financial institutions.
After the national anthem, Morris stepped forward when celebrating the speech, saying: “We meet and the Lebanese real estate sector stands on the threshold of a new stage, between the weight of crises and promising opportunities, the world has begun to move due to more balanced political, economic and security indicators. For almost two decades, real estate was one of the engines of the national economy, between 2003 and 2016, the sector generated about 7.58 billion dollars, which is around 63.3 percent of all Arab investments in Lebanon, while in 2017 only 93.3 percent of foreign direct investment flows totaled 2.62 billion dollars.
He explained that at the end of 2019, Lebanon was hit by a complex storm: a systemic crisis disrupted housing and commercial financing, a complete halt to housing loans, a slowdown in the operation of real estate agencies, an effect on registration, sale and purchase, then came the “Corona” virus, followed by the explosion of Beirut, and political and security changes, until the last Israeli war, which destroyed at least 22 thousand housing units. The purchasing power decreased, and the prices fell by 50 percent in 2020. However, the prices in the areas are still below the levels of 2019. Despite the severity of the previous years, significant contradictions appeared: during the war, the demand for rent increased in some areas, and the property became a “temporary refuge” for the savings in the banking crisis. With the election of President Jozaf Aoun and the formation of a new government headed by President Nawaf Salam, the government has increased its interest in the Lebanese economy, and the developers have returned to the study of projects from 50,000 to 100,000 dollars Al-Zakhm retreated temporarily during regional tensions like the Iranian-Israeli war, but the summer season was accompanied by the movement of aggression.
ولفت الى ان “The people of the market know that real estate is a mirror of politics and security. Therefore, the prospect of recovery is firstly related to the maintenance of political and security stability and the completion of institutional management. And secondly, it is related to the reactivation of finance: there is no sound real estate market without a sound banking sector. The restructuring of banks and the return of studied residential and commercial lending is a fundamental condition for restoring the balance between supply and demand.”
Add: “Today we meet at the invitation of the Real Estate Association of Real Estate Agents in Lebanon REAL, which organizes the third real estate forum entitled: “Lebanon returns to the front: promising exploitation opportunities and strategic initiatives in housing” this forum is an important national and economic station, bringing together officials, economic actors, investors and experts in the real estate sector, to discuss the situation of the Lebanese market and its future prospects, and to highlight the most prominent initiatives and reforms aimed at strengthening Investing and moving real estate growth in Lebanon.
He said: “Today we do not declare victory and do not raise the stake. We simply say that recovery is possible, but it is conditional. Conditional on political stability – safe security, and cash reform – bankrolling restores the credit cycle safely, digital transformation regulates the market and shortens time and money, and smart incentive policies test the capital to the largest social and economic impact. Conditional also on an explicit partnership between the state and the private sector and the Arab partners, restoring trust. وتلق العربية.
Then the president of the union Walid Musa gave a speech, saying that “the real estate sector is one of the pillars of the Lebanese economy and it is a mirror of the Lebanese insistence on life, construction and love of property. It is time to restore trust in Lebanon and investment in Lebanon. It is time to move the economic wheel with real reform and not slogans, it is also time to restore trust in the banking sector because without a healthy banking sector there is no healthy real estate sector. Before the crisis, the real estate sector made up about 16 percent of the domestic economy.
And he said, “Now is the time to admit that there are no exploitations or investors without security, political and economic stability. Now is the time to decide which Lebanon we want, do we want a Lebanon of prosperity, reconstruction, reconstruction and development or a Lebanon of war, destruction, death and isolation? It’s time to make laws to regulate the sectors and the real estate sector at the head. والاحتيال, نوقل المحنة الى لا على قرآب للغيرة على كلمة “.
We announced that “we are in the final stage of creating a special register for real estate brokers in the Ministry of Economy and reached a new and important stage through the launch of a comprehensive and integrated real estate diploma that combines the academic and practical aspects and aims to train workers in all sectors of the real estate market, from brokers, consultants, developers, project managers and administrators equipped with financial knowledge and modern technologies such as artificial intelligence and digital presence. It will be immediately after the opening ceremony that the first installment of this program will be released, which represents a real step towards professionalizing the sector and raising مستواه الأكاديمي والمستعادي في لبانان”.
He added: “Also, it’s time to talk about an actual housing plan that includes young people, families, and regions, and depends on the partnership between the public and private sectors. We hope that the Minister of Social Affairs, Hanin Al-Sayed, will speed up the study of the plan presented by the Public Housing Authority to start a new housing policy that protects the Lebanese right to housing as stated in the constitution. It’s time to stop the chaos of speculation. It’s true in some stages, but it’s slow and not enough, and it’s time not to touch To the tax relief for foreigners and expatriates in Lebanon and the following exemptions encourage investment.
Then the deputy head of the economic bodies, Nabil Fahd, gave a speech in which he said that “without long-term financing for projects, and without enabling citizens to obtain bank loans, the economic cycle cannot start again. And all of this is organically related to the recovery of the banking sector and the issuance of laws that enable it. It is true that the economy has started to show acceptable signs of recovery, but without real financing, we will not be able to take serious steps forward. ولا إزدهار, لا في غيره من قصرة مترابعة, فالمجرة والمجوهرية تحميل في القراءة. والمصله الديقة”.
He referred to the “thankful efforts that are being made in this direction, especially what is being done by the Housing Authority and President Toni Habib in securing housing loans, which is a contribution to processing the housing file and re-stimulating the demand for real estate. It is also important to reactivate the offers of the Public Housing Corporation because it has a positive effect on those with limited income and to provide social stability. What I would like to put before you today is the need to stimulate investment in the real estate sector at this difficult stage by means of a temporary reduction لرسوم التراخيس على سنتيم and the introduction of tax and municipal incentives for the implementation of the development of the sector. The call today is to move from speech to action and to planning. financial”.
At the end, Minister Jaber delivered a speech in which he said: “I have welcomed the president’s state with all his greetings and sincere wishes for the success of this forum, which is a significant milestone in the path of supporting the national economy and stimulating investment in one of the most important vital sectors, namely the real estate sector.”
He added: “This meeting is at a critical stage of Lebanon’s history, a stage in which our country is trying to get out of its financial and economic problems, and to build a new basis for growth and stability. In this context, the real estate sector is a key lever for reviving the economic cycle, because of its direct impact on employment, on the movement of the construction, contracting and financing sectors, until the strengthening of confidence in the national economy”.
He explained that Lebanon “doesn’t have enough money, and today we are in a stage of re-establishment that requires courage in thinking, courage in execution, and cooperation between the state, the private sector, the civil society, and the real estate sector, which represents the intersection between the economy and society, between investment and the right to housing, the ideal starting point for this revival”.
And he revealed that “the government, in addition to its interest in establishing long-term security, pays special attention to the real estate sector and the investment environment as a whole, and seeks, through the reform programs and plans of the Ministry of Finance, to update real estate and tax legislation, simplify administrative procedures, and launch a complete digital transformation in the ministry, including the General Directorate of Real Estate Affairs, which ensures transparency and speed in the completion of transactions, and reduces the bureaucracy that has always been formed Barriers in front of investors and citizens.
He said: “We believe that the restoration of trust begins with financial stability and institutions, with a rational management of public finances, and with a clear legal and regulatory environment that encourages investors and reassures citizens. Therefore, the Ministry of Finance prioritizes promoting transparency and controlling public finances and expanding the tax base in order to finance public services in a sustainable and equitable manner.”
وحيا جابر النقابة على “its pride in organizing this forum, and the continuous effort to develop the profession and modernize its system to meet international standards”, as well as thank “the international partners and academic and media institutions participating in this activity that expresses a common will to bring Lebanon back to the forefront as a country capable of progress. These views, trusting the country did not allow any setbacks”.
And he said: “In this forum, we are full of dreams and ambitions, and despite the difficult climates, we show you a clear picture that we are capable even in the presence of these changing climates, that we will not restore our history in this land, and together we will complete the journey, the journey of construction and development with the efforts of all believers in the restoration of this country and with the help of all those who love us, our friends and our friends. عرض المزيد على دفاف الإسلاح كما استطعا أن يبني حدرة على دفاف المديسوت”.
وھتم جابر مجددیدہ بیسم سلام, “confirming the government’s commitment to working hard to secure a stable environment that supports growth, and to stand by every serious initiative that contributes to rebuilding Lebanon’s economy on a solid foundation based on reform, justice, transparency, and equal opportunities, and to prove together that real construction begins with trust before undertaking investment projects.
Then the president of the association came to the door of appreciation for Minister Jaber, as certificates were distributed to a number of students who graduated from the Lebanese-American University.
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