Short-Term vs Long-Term Vacation Rental: Which is Better to Choose in Beirut in 2024

Mar 7, 2024

Short-Term vs Long-Term Vacation Rental: Which is Better to Choose in Beirut in 2024

The debate between short-term and long-term vacation rentals is a hot topic among property owners in Beirut. While short-term rentals were once limited to hotels, platforms like Airbnb have expanded the market, allowing property owners to rent out their spaces for shorter periods. But what exactly are the differences between these two options, and which is more convenient for property owners in Beirut?

Short-Term Vacation Rentals in Beirut

Short-term rentals typically last for a few days or weeks, although they can be as short as a single night. These rentals can be arranged directly with the property owner or through online platforms. However, short-term rentals have raised concerns in Beirut, particularly in areas with high levels of tourism.

One of the main issues with short-term rentals in Beirut is that they can lead to a decrease in available long-term rental housing. Property owners may find it more profitable to rent their properties to tourists on a short-term basis, which can drive up rental prices and limit housing options for locals. Additionally, short-term rentals can sometimes cause disruptions in residential neighborhoods, as tourists may behave differently than long-term residents, leading to noise and increased traffic.

Short-term rentals can also pose challenges for the local hotel industry in Beirut, as they often offer lower prices and more flexible accommodation options. This can result in unfair competition and job losses in the hospitality sector. Moreover, regulating short-term rentals can be difficult for the city, leading to issues with safety regulations, zoning restrictions, and taxes. This lack of regulation can create a lack of accountability and potential safety risks for guests.

To address these issues, the city of Beirut has implemented regulations to level the playing field between short-term rentals and hotels. These regulations may include requiring permits, designating specific areas for short-term rentals, imposing local taxes, collaborating with rental platforms, and enforcing penalties for violations. The goal is to balance the benefits of tourism with the availability and affordability of long-term housing for residents.

Long-Term Vacation Rentals in Beirut

Long-term rentals typically last for six months or more, with some agreements extending to one year or multiple years. These rentals are usually arranged directly between the tenant and the landlord, and they offer stability and consistency for both parties. Long-term rentals can include residential properties, commercial spaces, vehicles, and equipment.

One advantage of long-term rentals in Beirut is the stability they provide. Landlords can carefully select tenants and expect consistent rental income. Managing long-term rentals is also simpler, as landlords only need to handle rent payments and basic upkeep. Additionally, long-term rentals offer the opportunity to benefit from local pricing changes, and landlords have fewer legal responsibilities compared to short-term rentals.

However, long-term rentals in Beirut do have their disadvantages. Landlords may face challenges if a tenant becomes problematic or if they need to evict them. Long-term rentals also generate lower rental income compared to short-term rentals. Additionally, landlords have a greater responsibility to provide a suitable living environment for long-term tenants.

Which is Better to Choose in Beirut in 2024?

When deciding between short-term and long-term vacation rentals in Beirut in 2024, property owners should consider their location, property quality, pricing strategy, and management capabilities. Short-term rentals offer a wide selection of properties, free listings, flexibility in pricing, and potential for high income. However, they require more administrative and maintenance costs.

Long-term rentals provide stability, simplicity in management, and the opportunity for long-term relationships with tenants. However, they have lower rental income and fewer opportunities for pricing adjustments.

Ultimately, the choice between short-term and long-term vacation rentals in Beirut depends on individual circumstances and goals. Property owners should carefully evaluate their options and consider seeking professional advice to make an informed decision.

Lebanese Real Estate Market 2023, current Status preview

Lebanese Real Estate Market 2023, current Status preview As Lebanon enters the year 2023, its real estate market continues to be a complex landscape shaped by a combination of historical, political, and economic factors. Lebanon, a small but historically rich Mediterranean country, has long been a melting pot of cultures, a hub for commerce, and a touristic destination. Its diverse landscapes, vibrant cities, and historical sites have made it an attractive journey for both local and international real estate investors. However, the Lebanese real estate market is a complex and ever-evolving domain that has faced its fair share of challenges. Lebanon offers a diverse range of real estate properties, from historical homes to modern high-rise apartments along the coast. Investors can choose from residential, commercial, and vacation properties. As well as attracting foreign realtors. Property prices are often affected by economic and political events, making it essential in the market. While the persistent devaluation of the Lebanese Pound against the US Dollars has created a huge gap, many real estate investors are facing issues of affordability with their clients. And when we think that international investors could be helpful, they are faced with political instability and economic crises which would make them hesitant in investing their money in Lebanon. Covid era has affected properties and their owners, so many investors have shifted their focus towards the rental market over buying properties. In response, there has been an increased demand for affordable housing, developers are exploring ways to create more cost-effective options. Property owners of traditional houses ventured into renovating and restoration projects that turned out appealing to those who seek characteristic homes – adding sustainable and modern facilities to attract environmental buyers and investors. The challenges that this market is facing are constrained. And the most significant challenge is the political instability, investors and homebuyers are aware of the sudden change and unrest of policies, many are cautious, preferring to wait for stability before making significant investments. Additionally, we need not to forget about the Lebanese diaspora, their population played a vital role in real estate, though everything is at halt with them with the recent changes especially since 2019. While the economic crisis marked high inflation and unemployment has impacted purchasing specially with the dual currency exchange, the quoted prices added complexity to the transactions and trades. Also, the banking sector set a huge challenge for taking loans to secure desired properties. Moreover, the bureaucratic processes involved in real estate can be time consuming and somehow confusing to both local and foreign investors. For instance, there’s no license program to become a realtor, one has to make connections and gain trust from property owners and homebuyers, this may cause disorder and time to establish a proper reputation. Despite the political instability and economic turmoil, the Lebanese real estate market continues to offer potential for investors and homebuyers. Keeping an eye over property prices and staying informed about currency fluctuation, as well as being aware of the legal requirements for anyone considering an investment. The country strives for stability and financial recovery and there is hope to revive the real estate sector. The introduction of the Fresh Dollars method has facilitated the transaction process and it has played a positive role in developing the market and helping it to recover, slowly but surely balanced. The course of action requires effort to face the political issues and create a favorable environment. And for those who are willing to take up the challenges, Lebanon’s real estate market still holds big promises, especially that it’s a beacon of opportunities. Focusing on the assets that this country holds like rich history, natural landscapes and cultural diversity will always be attractive destinations for investors.

Why Keserwan is Perfect for Home Buyers and Renters

Why Keserwan is Perfect for Home Buyers and Renters Spanning from the Mediterranean coast up into the stunning mountains, Keserwan offers a diverse landscape that blends the tranquility of nature with the vibrancy of urban life. Home to charming coastal towns like Jounieh and mountainous retreats such as Faraya, Keserwan provides a unique living experience that caters to a wide range of lifestyles. Living there means you’ll be surrounded by some of Lebanon’s most famous landmarks, including the towering Harissa statue and the world-renowned Jeita Grotto. The region offers more than just breathtaking scenery; it also boasts excellent infrastructure, top-notch schools, and a variety of shops, cafes, and restaurants that reflect the area’s rich cultural heritage. Whether you are looking to settle in a peaceful mountain village or a bustling coastal town, Keserwan’s diversity makes it an ideal place to call home. This blend of beauty, convenience, and modern amenities makes Keserwan a prime destination for anyone looking to buy or rent a home. With the real estate market offering a variety of properties, from luxurious villas to more affordable apartments, Keserwan has quickly become a top choice for individuals and families seeking a balanced lifestyle in Lebanon. Whether you're looking to buy or sell a property, you can find a lot of apartments for sale in Keserwan. Here’s why it is becoming one of Lebanon's most sought-after areas for real estate. Keserwan is known for its captivating landscapes. From the rolling hills to stunning sea views, the region is a paradise for those who crave a peaceful environment without sacrificing modern conveniences. The natural serenity makes Keserwan an ideal place for families, retirees, and nature enthusiasts who want to escape the city’s hustle while staying connected. In addition to that, no matter what aspects you were looking for during your search, Keserwan offers a diverse selection of properties to fit various needs. Buyers can invest in upscale homes with premium amenities, while renters can find comfortable apartments with competitive pricing. The area’s real estate market caters to different lifestyles, from spacious homes perfect for families to chic apartments suited for young professionals. One of Keserwan’s strongest advantages is its strategic location. Situated just north of Beirut, the region offers easy access to the capital without the stress of city living. Major highways connect Keserwan to Beirut, making commuting to work convenient for professionals. The region is becoming a hub for economic activity. With more businesses and remote workers choosing this area, it offers a balanced environment for both living and working. Its proximity to Beirut ensures job opportunities remain close by, while new office spaces and business developments create a growing market for professionals. Keserwan is home to some of Lebanon’s most iconic tourist attractions, such as Harissa, Jeita Grotto, and the vibrant coastal city of Jounieh. Outdoor enthusiasts can enjoy skiing in the winter, beach activities in the summer, and hiking year-round.  For those seeking entertainment, the nightlife in Keserwan is lively, with plenty of restaurants, clubs, and cafes to explore. The region’s cultural heritage is equally impressive, with historic sites and traditional Lebanese cuisine available at every corner. What truly sets this region apart is its unique combination of tradition and modernity. It maintains its historical charm while embracing sustainable development and growth. A strong sense of community pervades the area, making it perfect for individuals and families seeking both security and a welcoming atmosphere. Keserwan’s blend of scenic beauty, cultural depth, and modern amenities creates an unmatched lifestyle for its residents. Whether you’re looking to buy your dream home or rent an apartment in a region that offers both tranquility and convenience, Keserwan has it all. This scenic area is a smart investment for both locals and expatriates. With properties catering to all tastes and budgets, Keserwan is more than just a place to live—it’s a lifestyle. Don’t miss out on this incredible opportunity. We, at realestate, encourage you to connect with experienced local realtors who can guide you through the exciting options available to explore the best options in Keserwan and find your perfect home in Lebanon’s most captivating region.

Managing Accessibility: Enhancing Life at Home for People with Mobility Challenges

Managing Accessibility: Enhancing Life at Home for People with Mobility Challenges Making homes more accessible for people with disabilities has become a major issue of discussion as diversity and accessibility become more and more valued. As we commemorate the tenacity and accomplishments of athletes on occasions such as the Summer Paralympics, we must consider the daily struggles that people with disabilities encounter. In this article, we'll examine a number of tactics that can significantly enhance the freedom and quality of life for people with impairments. Improving Kitchen Accessibility The kitchen is a crucial area in any house, and independent living depends heavily on its accessibility. Installing ADA-height appliances can greatly increase the usability for those who use walkers, scooters, or wheelchairs. Overcoming Household Barriers Encouraging inclusion requires recognizing and eliminating barriers inside the home. Mobility and freedom can be impeded by common impediments such as difficult-to-reach switches, dim lighting, and narrow doorways. Improving accessibility can be achieved by addressing these problems. Taking on Flooring Challenge For people who have mobility issues, selecting the appropriate flooring is essential. Area rugs and slippery surfaces can be avoided by using low-pile carpets or high-traction, low-slip flooring like vinyl, which can offer safety and ease of mobility. Creating Safe Bathing Environments Bathroom safety is a major issue, particularly with regard to slick shower floors and bathtubs. Safety and comfort can be significantly improved by adding mobility-friendly showers with low thresholds, safety bars, and plenty of room for assistive devices. Constructing Wheelchair Ramps For people who depend on wheelchairs or other mobility assistance, ramps are critical. Community projects like Habitat for Humanity provide inexpensive options for building ramps, encouraging independence and accessibility, even though custom-built ramps can be expensive. Installing Lever Handles Accessibility can be greatly enhanced by making small adjustments like installing automated doors or swapping out door knobs with lever handles, which will make it simpler for people with limited hand mobility to move about rooms. Wider Pathways And Furniture Layout Creating Wider Pathways and Optimizing Furniture Layout to Improve Accessibility in the Home. These are some tips for designing comfortable spaces. Putting often used objects in reach and making sure traffic patterns are obvious encourage convenience and independence. Concerning Toilet Height People with mobility issues may find it helpful to use ADA-compliant toilets with higher seat heights. It is easier to use and offers more support when toilet safety frames or risers are added. Including Stability Poles For those with mobility impairments, floor-to-ceiling poles next to important spaces like beds, chairs, and bathrooms provide stability and support. These poles can improve independence and reduce the risk of falls. Installing Stair Lifts Stair lifts provide a useful way for those with restricted mobility to move between floors in multi-story homes. Stair lifts greatly increase accessibility and independence, even after the initial expenditure. Enhancing house accessibility involves more than just making structural changes; it also involves encouraging inclusion, self-sufficiency, and a higher standard of living for people with disabilities. Regardless of mobility problems, homes may become inviting and accommodating settings for everyone by incorporating intelligent design elements and workable solutions. Let's keep making accessibility a top priority and design spaces that enable people with impairments to fully experience life.