search

The Real Deal Logo

Trending

LA court strikes down SB9 law allowing single-family lot splitsLA court strikes down SB9 law allowing single-family lot splitsBuyer found for “whole kit and kaboodle” at Anchor Steam Brewery Buyer found for “whole kit and kaboodle” at Anchor Steam Brewery Bushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160MHousing deal finally passes; here are the detailsHousing deal finally passes; here are the details
Residential
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.

(Credit from back: Ahmad Moussaoui, Charles LeBlanc)
(Credit from back: Ahmad Moussaoui, Charles LeBlanc)

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

Sign Up for the undefined Newsletter

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

Tags
Global Real Estate