12 Hrs
Source:
الكتائب اللبنانية
Southern Suburbs rent increase amid safety concerns
Rental prices in the southern suburbs of Beirut continue to rise despite security risks, with increases ranging from 25% to 50% due to heightened demand and decreased supply. This situation results from people fleeing threatened areas affected by shelling and seeking refuge in less targeted neighborhoods. The market suffers from a lack of official regulation, allowing some landlords to impose unjustified rent hikes. Currently, some rents reach $1,000 or more, as residents prefer to stay close to their communities, disregarding the principles of supply and demand. This has led to a severe housing crisis, with many struggling to find affordable homes despite ongoing rental activity.
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