Reasons for Rising Rents

The housing rent crisis in Lebanon is linked to several economic and financial factors that are leading to an unprecedented increase in rental prices. Key reasons include the absence of housing loans, which hinders young people from owning homes; a decline in purchasing power; rising construction costs; and a significant inflation in real estate prices. This rise has naturally reflected in rental rates, which are now calculated in USD, amidst a shortage of available housing units due to restrictions on expansions and old rental agreements. The government and trade unions are promoting reforms that include reactivating housing loans and regulating the real estate market, with the aim of balancing supply and demand and alleviating the suffering of tenants.

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