Rent crisis and surprise apartments built after 1996 .. This is a new "housing"!



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The Daily Star has reported a rise in real estate prices in Beirut despite the high number of vacant apartments and a minimum wage of $ 450, while the rent of rooms in the capital is estimated at $ 400.

The paper was based on a survey of apartments built over the last two decades by researchers at the Issam Fares Institute of Civil and Social Justice. About 25 percent of the more than 8,200 apartments built after 1996 were vacant, with economists accounting for 7 percent of overall health, said researcher Donia Salama.

The site, which collects data from users around the world, indicates that the cost of renting a one bedroom apartment in central Beirut is between $ 600 and $ 1,390. For three-bedroom apartments, the rent ranges from $ 1325 to $ 3,000, while the monthly salary is estimated at $ 975, according to the NMPU.

With regard to the causes of this phenomenon, Salameh spoke of the absence of policies encouraging the renting or sale of apartments at affordable prices. Salameh explained that the suspension of the old rent law had put an end to the restrictions on leases signed prior to 1992. Salameh had also pointed out the absence of tax on vacant dwellings, explaining that that this allowed the apartment owners to leave them until a vendor or tenant was willing to pay the amount. Who want it?

When dealing with the purchase of apartments, the newspaper is attacking the housing crisis by informing the head of the Housing Authority, Roni Lahoud, that "the apartment is being rented. he would grant 500 subsidized loans so far in 2019. Lahoud explained: "We are now trying to get subsidized loans in another way.In the central bank and between banks, we try to obtain money from outside Lebanon, or even Lebanon, through certain taxes to grant loans or subsidized loans.

Lahoud said the new loan would be part of the national housing policy, which would include strategies to improve the ability to pay tenants and buyers, refusing to disclose additional details, as the government has not yet approved .

In exchange for Salama, she confirmed that the subsidized loan program mainly helped some middle clbad buyers to buy apartments in the "cheap areas" of Beirut and abroad, stressing that this did not contribute to lowering prices because developers set their prices at the maximum value of the loan. .

Salama also raised the possibility that municipalities are taking action at a time when taxes on vacant housing are missing, for example by imposing a certain percentage of units to rent newly built apartments at prices affordable. Salameh therefore stressed the need for the government or government entities to adopt a policy of regulating housing prices.

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