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With a population estimate of around 3.7 million [ 6], Lebanon is characterized by a high urbanization rate (87%) and high migration flows from rural to urban settlements [ 7].
The high urbanization rate brought about by rural urban migration has significantly reduced the infrastructural advantage urban areas used to enjoy, and has resulted in increased urban poverty.
A small real-estate sector (circa 8percentt of the overall economy) and a high urbanization rate have created a housing deficit in the country.
Latin America, however, is an outlier among the developing regions because of its strikingly high urbanization rate.
A small real-estate sector (circa 8percentt of the overall economy) and a high urbanization rate have created a housing deficit in the country.
From this section it can be concluded that LAC is an outlier among developing regions for its high urbanization rate.
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