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.

TRD New York TRD WEEKEND EDITION /
Apr.April 07, 2018 02:55 PM

(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


Related Articles

arrow_forward_ios
317 West 77th Street (Google Maps, iStock)

Townhouse owners make federal case of cell tower next door

Townhouse owners make federal case of cell tower next door
Fredrik Eklund, Julia Spillman and John Gomes (Getty, iStock)

Threatened by tech, agents turn to app

Threatened by tech, agents turn to app
(iStock)

Mortgage applications to buy homes now higher than a year ago

Mortgage applications to buy homes now higher than a year ago
155 West 11th Street and 1100 Park Avenue (FXFOWLE; Google Maps)

Manhattan luxury market shows tentative signs of activity

Manhattan luxury market shows tentative signs of activity
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
16 Sutton Place (Credit: Google Maps)

Sutton Place co-op in turmoil over terrace fees

Sutton Place co-op in turmoil over terrace fees
Molly Townsend (Getty, iStock)

Ex-Douglas Elliman sales manager Molly Townsend joins Triplemint

Ex-Douglas Elliman sales manager Molly Townsend joins Triplemint
New home listings in Manhattan are up for the 4th week in a row. Contract signings, not so much. (Getty; iStock)

Manhattan resi listings are up while contracts “limp along”

Manhattan resi listings are up while contracts “limp along”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...