BEIRUT: Lebanon is again on the radar of potential investors following a report carried by CNN Money that ranked Beirut among the best real estate investment destinations in the world on its list of “Up and Coming Cities For the Rich.”


But this report, which was prepared by Savills World Research, Candy & Candy and Deutsche Asset & Wealth Management, received mixed reactions from economists and businessmen.


Louis Hobeika, professor of economics and finance at Notre Dame University, and economist Ghazi Wazni were skeptical of the report. “This report is inaccurate and does not reflect the reality. … This report is aimed at giving publicity to and promoting the real estate sector in Lebanon and nothing else,” Hobeika told The Daily Star. [Link]