ADAD“We really worry that there are people that are real estate sharks that are going to make use of this opportunity,” Harb said. At one damaged building, a family was starting to rebuild after the structure suffered a partial collapse. “It’s akin to a gated community.”Even before the explosion this month battered the neighborhoods of Mar Mikhael and Gemmayze, the areas were a battleground between real estate developers and activists. After the blast, the government barred the sale of real estate of a “historical nature” or the arrangement of any real estate transactions without approval of the Ministry of Culture, to prevent “exploitation” during the period of survey and reconstruction. “This is prime real estate.

Source: Washington Post August 21, 2020 14:15 UTC