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While Bank Audi are not geniuses, I agree that there is a low probably that property prices will deteriorate, mainly due to the fact that most of the price boom, until the end of 2009, was financed by cash (equity, not debt).

Since owners are not really going to be squeezed for cash since they won't have a bank breathing down their necks, this makes it probable that Lebanon real estate will remain stable in the medium term.

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