Law No.194 was issued on 12/10/2020 in the aftermath of the Beirut port explosion and was passed in the official gazette journal on 22/10/2020.
Concerning real estate transactions, this law has forbidden to carry out any act of transfer of ownership of real estate in areas affected by Beirut port explosion for a period of 2 years. The areas where real estate transactions are forbidden by this law are:
The only exceptions to above law were real estate transactions done by developers on brand new apartments.
By end of 2022, the above law was extended for two additional years as part of 2022 budget.
In January 2023, State Council stopped the extension of the above law as they considered that its extension as part of the budget was not the right legal form.
At the moment, we are waiting for the decision of the state council to be published in the official gazette expected this Thursday (tomorrow) or following Thursday.
Are you familiar with the term “Buyer Agent”? What about “Seller Agent”? What do those 2 terms mean?A buyer agent is typically the agent that handles the buyer. The seller agent is the agent that handles the seller.You would like to buy an apartment? You contact a real estate agency and you are typically transferred to an agent. The buyer agent role can be summarized as follow:...
The event took plan in Xsir – Batroun where the employees of JSK & its management gathered to celebrate the success of JSK over the past 7 years and re-energize for even better performance in upcoming years. Mrs Samar Hassan was named General Manager of JSK – following Mr Jade Zoghaib. The event was filled with laughters & good times – a trademark of JSK family
JSK team is known for his team spirit and his love for outdoor activities in all season. In March, the company had their monthly outing to Faqra for a day of snowshoeing. “We were blessed with the most amazing weather ever and we spend almost 3 hours on a track of snowshoeing” – said Carlos Zgheib, Senior Agent at JSK.“We are agent and by definition we love outdoor activities;...
In 2016, JSK Real Estate started what would become a ritual for the coming years: an incentive trip for performing agents & employees. Paris – the charming city of Love & elegance – was our first destination. The team had a lovely stay in the capital of France – enjoying the stunning architecture, great food, and the best entertainment in theaters, museums, and nightlif...