PHOTOS Spotlight: Demand for properties skyrockets as Lebanese flee money from banks amid fears of haircut on deposits

PHOTOS

Spotlight: Demand for properties skyrockets as Lebanese flee money from banks amid fears of haircut on deposits

Xinhua

23:37, July 10, 2020

An apartment building is seen in Beirut, Lebanon, July 10, 2020. Lebanon's real estate sector saw significant demand following years of stagnation as most depositors in Lebanese banks decided to flee their money into real estate amid fears of a possible haircut given the financial collapse in the country, experts say. (Photo by Bilal Jawich/Xinhua)

An apartment building is seen in Beirut, Lebanon, July 10, 2020. Lebanon's real estate sector saw significant demand following years of stagnation as most depositors in Lebanese banks decided to flee their money into real estate amid fears of a possible haircut given the financial collapse in the country, experts say. (Photo by Bilal Jawich/Xinhua)

Apartment buildings are seen in Beirut, Lebanon, July 10, 2020. Lebanon's real estate sector saw significant demand following years of stagnation as most depositors in Lebanese banks decided to flee their money into real estate amid fears of a possible haircut given the financial collapse in the country, experts say. (Photo by Bilal Jawich/Xinhua)

Apartment buildings are seen in Beirut, Lebanon, July 10, 2020. Lebanon's real estate sector saw significant demand following years of stagnation as most depositors in Lebanese banks decided to flee their money into real estate amid fears of a possible haircut given the financial collapse in the country, experts say. (Photo by Bilal Jawich/Xinhua)

Apartment buildings are seen in Beirut, Lebanon, July 10, 2020. Lebanon's real estate sector saw significant demand following years of stagnation as most depositors in Lebanese banks decided to flee their money into real estate amid fears of a possible haircut given the financial collapse in the country, experts say. (Photo by Bilal Jawich/Xinhua)

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