Lebanese Real Estate Broker First In Region To Conduct Property Sale Using Bitcoin Monday, June 28, 2021 1:40 AM UTC
Despite the country of Lebanon going through one of the most significant economic crises the world has ever seen since the 1900s, real estate sales remain strong, without any signs of slowing. It looks like there are still ways to make money in the Lebanese real estate market.
The country is going through a unique economic stagflation, which is typically characterized by high inflation, high unemployment, and low economic growth. In an effort to stave off further challenge, banks have placed a freeze on access to local US dollars - the de facto currency next to the Lebanese pound - and putting those with access to ‘fresh dollars’ (currency coming from outside the country and commanding a 3-4x premium in value) at an advantage, with real estate investors turning to alternate payment methods includi