Deposit requirements for purchasing apartment?
Can someone provide me some clarity regarding purchasing an apartment in lebanon? Specifically, is the average deposit required by owners really generally 50% cash? I understand there is generally no mortgage or if so a year or so max.
I have toured a few places that are, for example, $260k let’s say and the owner expects a $130k cash deposit and to pay out the rest within a year or the rest asap.
Is this the new norm? If not, what is normal and what’s not?