As partners of the Real Estate Syndicate of Lebanon, we’re sharing their perspective on the importance of housing finance for young Lebanese, families, and the future of the real estate sector.
Read their statement on the proposed reduction in housing loan funding and why accessible housing finance matters for homeownership and Lebanon’s economic recovery.
The Real Estate Syndicate of Lebanon expresses its concern and opposition to the reduction in proposed funding for housing loans through the Public Corporation for Housing in the draft 2027 budget to approximately USD 20 million, compared with the USD 100 million requested by the Corporation to relaunch its housing programme.
Restoring access to housing loans is a necessary and long-overdue step. However, a funding cut of this scale limits its impact and reduces opportunities for young people and Lebanese families to benefit.
Homeownership is already beyond the reach of many citizens due to declining purchasing power, the lack of financing, and rising construction costs and rents.
The Syndicate affirms that housing finance is an investment in social stability and in enabling young people to remain in Lebanon and establish their families here.
Reducing this funding means further delays in housing plans, greater pressure on households, and a diminished ability for an entire generation to plan its future.
The effects of this reduction extend beyond loan beneficiaries to the real estate, construction and contracting sectors, as well as related industries, building materials, services and professions. Housing finance stimulates demand, encourages investment, creates jobs and boosts economic activity, with positive effects on government revenues.
The Syndicate therefore considers that limiting the programme’s funding to a modest amount weakens one of the key tools available to stimulate the economy. The real estate sector needs financing that enables citizens to purchase homes and translates their housing needs into productive economic activity.
The Syndicate calls on the government to reconsider this reduction. It also looks to Parliament, particularly the Finance and Budget Committee, to amend and increase the allocation before the budget is finally adopted, allowing more young people and families to benefit under clear and fair criteria.
The Syndicate stresses that increased funding must be accompanied by an effective and transparent implementation mechanism that ensures loans reach eligible beneficiaries, prioritises those seeking their first home, and secures the programme’s sustainability.
Lebanon needs a clear housing policy that places young people, social stability and economic recovery at the heart of its priorities.
The Syndicate hopes that Parliament will correct this course and provide housing with the funding it deserves, recognising it as a fundamental pillar of enabling Lebanese people to remain in their homeland and revitalising the economy.
