Whether you are looking to buy or sale land, Lebanon is a promising country. In the last decade both Lebanon and its capital Beirut started regaining their fame as tourist and financial centers, and not without reason. It is one of the most fascinating countries – beautiful coastline, snowy mountains, thousands of years of history and well developed banking and financial sector, wine production and agriculture make Lebanon a place where money works for your investments.
If you are planning to buy a property in Lebanon, it is good to know some facts. Unlike many other countries which discourage foreigners from acquiring properties, Lebanon allows foreign ownership of the real estate but only if the amount of the land in possession doesn’t exceed 3,000 square meters. Otherwise, you’ll have to obtain a special permission from the Council of Ministers. And of course, foreigners can’t own more than 3 per cents of total land in this country, except in Beirut where that limit is 10 per cents.
When it comes to buying properties, apartments and villas are good investment. But, better than that is buying raw land. It is less risky because less money is involved; still it can turn great in the years to come if you know how to choose the right location. So, let’s see what current hotspots are when it comes to land for sale in Lebanon.
If you are dreaming of your own winery, than the fertile Bekaa Valley is a place for you. Lebanon has thousands of years long wine culture, and in the last few decades the wine industry is blooming again. Grape from more than 5000 acres of vineyards is being fermented in more than 30 wineries. The best of all is that Lebanese climate is perfect for wine production, especially for varieties such as Cabernet Sauvignon, Merlot, Cinsaut, and Grenache. It seems that this area will soon become a popular destination for wine tourists therefore now it’s great time to invest.
Another great location is to buy land in Keserwan District, or its capital Jounieh. This once small coastal city 16 km north of Beirut is the fastest growing and developing city in Lebanon. This city started to progress in the middle of the 20th century, but during the war Jounieh became as important as Beirut thanks to the massive migration of Beirut traders and bankers. Today Jounieh is tourist, financial, banking and commercial center with population of more than 200,000. It has great infrastructure, and tendency to merge with Beirut so every piece of land bought here can only increase its value with time.
Keserwan Mountains are a perfect choice if you are a nature lover who sees himself in eco-tourism and eco-agriculture. Other locations appropriate for this type of business are Mountain Lebanon and the Chouf Mountains. It takes 45 minutes by car to escape from Beirut’s humidity and pollution into the paradise of the Chouf Mountains. The nature here is untouched which is perfect for those who would like to try their luck in growing organic food.
However, if you prefer purchasing a few acres in Beirut you can’t go wrong, although you will probably overpay for the land. In urban areas it makes more sense to buy a property with a house on it, but with a good idea th eland purchase can turn into an excellent investment.