Dear friends and colleagues,
I would like to start by wishing you all a good 2020. May this year herald new changes and lead to a brighter future.
The economic situation we are going through as a country is a delicate one, and the stakes in our business have changed. It is crucial that we realize that things are different and do everything in our power to adapt to the new model.
Real estate transactions have risen these last months compared to the previous years. This is because of the specific financial mood Lebanon is in at the moment, with people incentivized to invest in real estate to protect their money from the banking crisis. Once again, the real estate sector is proving to be the only safe bet in a precarious economy.
Our utmost priority in this time must be to act as professionals and protect the interests of our clients, such as by providing them with honest value assessments of properties, not fictitious ones. It is our duty to offer good advice and guide investments towards security. We should learn from doctors in this: above all, do no harm. Instead, let us help by fulfilling our roles as trusted advisers.
This moment is critical for us to prove the virtues of working with certified professionals who understand and guard the interests of their clients.
As a syndicate, we will continue lobbying parliament to follow up on the project of law to organize our business. We will also keep pursuing the best interests of the real estate sector, and propose the best policies and regulations.
As for services, our new partnership with LAU, featuring a new updated real estate program, will allow us to improve the educational level of our future members and create better professionals. We are also in the process of finalizing the REAL price index, which will serve as the go-to reference for people to accurately estimate property values, a great achievement that will go a long way towards streamlining and uniformizing the sector along more realistic lines.
Despite the financial difficulties, we will continue to bring together our members for a variety of events, whether educational, social or otherwise, and provide them with the best services possible. Now more than ever we should celebrate our sense of community and belonging.
See you soon,
President of the Real Estate Syndicate of Lebanon