The Real Deal New York

Here’s the market to buy into if you’re a good negotiator

In Lebanon, most properties sell for at least 10 percent below their listed price.
April 07, 2018 02:55PM

(Credit from back: Ahmad Moussaoui, Charles LeBlanc)

In Beirut, Lebanon, negotiating is baked into the price.

If you’re doing it right, you should be paying at least 10 percent lower than the asking price — if not more, according to Mansion Global. Buyers can, on average, get up to 30 percent knocked off the listed price of homes in Beirut’s wealthiest enclaves, provided they’re skilled negotiators.

Some of the city’s most expensive housing stock is in Beirut Central District, which was rebuilt following the end of the country’s years-long civil war in 1990, and faces Mediterranean Sea. Today, the average listed home price in the district ranges from between $5,500 to $8,000 per square foot. [Mansion Global]Erin Hudson