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Title: Analysis of real estate market and testing for housing bubble : the case of Tripoli
Other Titles: Analysis of real estate market & testing for housing bubble : the case of Tripoli
Authors: Karhani, Maha
Mohsen, Rabih
Advisors: Douaihi, Paul
Subjects: Real property--Tripoli (Lebanon)
Housing--Tripoli (Lebanon)
Issue Date: 2011
The purpose of this study is to analyze the real estate market in Tripoli between 2002 and 2011. During this period prices knew a rapid increase in Lebanon, and particularly in Tripoli. Data provided by the Municipality of Tripoli and four construction firms were used to analyze the housing prices and rents in Tripoli, focusing on "Damwafarz" region. This research indicates that housing prices reached a maximum value and began to drop. However there is no sufficient evidence that rents follow the same trend. Although some indicators of a bubble are found, the bubble existence couldnt be proved using a Price to Rent ratio (P/R) model, similar to the Gross Income Multiplier (GIM) model used by other studies.
Includes bibliographical references (p. 48-50).

Supervised by Dr. Paul Douaihy.
Rights: This object is protected by copyright, and is made available here for research and educational purposes. Permission to reuse, publish, or reproduce the object beyond the personal and educational use exceptions must be obtained from the copyright holder
Ezproxy URL: Link to full text
Type: Project
Appears in Collections:UOB Theses and Projects

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