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There are no official and reliable statistics in Lebanon to allow for such an objective determination. While GDP numbers are widely available [3] - US$13,200 (2009 est.) -, there is no reliable real estate price index. There is also no current survey of quality of housing in Lebanon, which could be used to determine intrinsic values for houses.
Highest and best use (or highest or best use; HBU) is a concept in real estate appraisal that originated with early economists such as Irving Fisher, who conceptualized the idea of maximum productivity. [1]
North Lebanon Township David Lentz to Hari Om Enterprises Inc., property on Old East Cumberland St., $145,000. Mt. Pleasant Ventures LLC to James and Linda Krall, 129 Dream Drive, $90,000
Peaceful Homes LLC to Lantz Investments LLC, 411 E. Mifflin St., $400,000. North Lebanon Township Mary Murray to Antonio Rosano and Fern Lozado-Rosario, property on Penn Lane $200,000.
What are houses selling for in your neighborhood?
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
Lebanon's economy has made impressive gains since the launch of "Horizon 2000," the government's $20 billion reconstruction program in 1993. Real GDP grew 8% in 1994 and 7% in 1995 before Israel's Operation Grapes of Wrath in April 1996 stunted economic activity. Real GDP grew at an average annual rate of less than 3% per year for 1997 and 1998 ...
“The inputs for building housing are materials, labor, and capital,” said Stijn Van Nieuwerburgh, a real estate and finance professor at Columbia University’s Graduate School of Business.
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