Property Sharks Circle Ravaged Beirut Homes

Workers remove the rubble beneath a partially-destroyed traditional Lebanese building in the Gemmayzeh neighborhood of the capital Beirut, in the aftermath of the devastating port blast, on August 26, 2020. (Photo by JOSEPH EID / AFP)
Workers remove the rubble beneath a partially-destroyed traditional Lebanese building in the Gemmayzeh neighborhood of the capital Beirut, in the aftermath of the devastating port blast, on August 26, 2020. (Photo by JOSEPH EID / AFP)
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Property Sharks Circle Ravaged Beirut Homes

Workers remove the rubble beneath a partially-destroyed traditional Lebanese building in the Gemmayzeh neighborhood of the capital Beirut, in the aftermath of the devastating port blast, on August 26, 2020. (Photo by JOSEPH EID / AFP)
Workers remove the rubble beneath a partially-destroyed traditional Lebanese building in the Gemmayzeh neighborhood of the capital Beirut, in the aftermath of the devastating port blast, on August 26, 2020. (Photo by JOSEPH EID / AFP)

Ever since a monster blast ravaged the arches and high ceiling of his family home in Lebanon's capital, Bassam Bassila says a real estate developer has been hounding him to sell.

"The owner of a tower block nearby is trying to pressure me into selling him my home so he can raze it to the ground" and "build a tall tower" instead, the 68-year-old said in Beirut's Monot neighborhood.

A massive explosion at the Beirut port on August 4 that many blame on official negligence killed more than 180 people, wounded thousands and laid waste to some of the capital's most picturesque streets.

With survivors still picking through the rubble, property sharks are moving in to take advantage of distraught homeowners, sparking outrage over yet another disaster in the making, this time targeting the country's heritage.

Standing inside his living room turned balcony after the wall separating them was blown off, Bassila said the developer had first approached him some time before the blast, offering to buy his apartment after acquiring the ground floor of the same building.

"Eventually you will leave," the developer threatened at the time.

And now he is back, ramping up pressure on Bassila to sell the home he inherited from his grandparents by refusing to prop up the ceiling of the flat below -- meaning Bassila's apartment could collapse.

A former photographer now eking out a living as a taxi driver, Bassila says he cannot afford to restore his family home without financial aid. But he is also determined not to give it up.

"I was born in this house and my father was before me... I can't live anywhere else."

Of 576 heritage buildings surveyed in the wake of the explosion, including 331 in the port's immediate vicinity, the culture ministry says 86 were severely damaged.

Of those, 44 risk complete collapse, while a further 41 could partially fall down.

In the days after the explosion, Bishara Ghulam, the mayor of the Rmeil district near the port, said he received an unexpected visitor among those flocking to his office to report damage to their homes.

"A man turned up who said he was a real estate broker. He said he wanted to buy houses damaged in the blast, and would pay whatever the owners wanted," Ghulam said.

"I told him we weren't selling."

In the capital, banners have appeared reading "Beirut is not for sale".

Naji Raji, the founder of the Save Beirut Heritage initiative, said: "We've heard from people who have received offers from investors linked to certain politicians."

These developers were bent on profit and coveted central Beirut real estate as it was a "prime touristic area" but would likely change its appearance with no regard for heritage, he said.

In the devastated Gemmayzeh neighborhood, architect Rita Saade surveyed the damage sustained by the home that once belonged to her great-grandparents.

Between the mint green walls of a room held up by arched pillars, she pointed to where the floor had partially caved in. Wooden slats from broken window shutters and shattered drinking glasses lay in a pile nearby.

"This is heritage and it needs to be restored," said the 23-year-old Saade. But "we can't afford to restore it on our own".

Audrey Azoulay, the head of the UN's culture and education body UNESCO, Thursday said the agency hoped to raise "considerable" funding to help with reconstruction.



‘Fear and Anxiety’: Bangkok Residents Seek Quake-Proof Homes 

This photo taken on March 29, 2025 shows cracks on the exterior of a residential condominium building in Bangkok after the March 28 earthquake struck central Myanmar and Thailand. (AFP)
This photo taken on March 29, 2025 shows cracks on the exterior of a residential condominium building in Bangkok after the March 28 earthquake struck central Myanmar and Thailand. (AFP)
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‘Fear and Anxiety’: Bangkok Residents Seek Quake-Proof Homes 

This photo taken on March 29, 2025 shows cracks on the exterior of a residential condominium building in Bangkok after the March 28 earthquake struck central Myanmar and Thailand. (AFP)
This photo taken on March 29, 2025 shows cracks on the exterior of a residential condominium building in Bangkok after the March 28 earthquake struck central Myanmar and Thailand. (AFP)

Shaken hours earlier by a massive earthquake, Phatsakon Kaewkla's terror was magnified when he came home to find gaping cracks in the walls of his 22nd-floor Bangkok apartment.

Feeling unsafe in the building damaged by the biggest tremors to hit the capital in generations, the 23-year-old Thai decided to stay away for two days until experts gave the high-rise the all-clear.

The sales coordinator is now one of many Bangkok residents wondering if they should seek safer housing in a city where hundreds of residential buildings were damaged by the 7.7-magnitude quake that struck neighboring Myanmar on March 28.

The owners of Phatsakon's condominium assured him that engineers had checked every part of the building and concluded it was habitable.

But he is still spooked about the cracks.

"I feel a little bit scared. And also my mum told me to move out from here," he said.

Over 1,000 kilometers (620 miles) away from the epicenter, the Thai capital -- its skyline dotted with hundreds of towers and glinting high-rises -- virtually never experiences such tremors.

Bangkok-based real estate consultant Owen Zhu, 40, told AFP that the impact on his sector had been "significant".

"People seem to have realized that living in high-rise buildings might carry greater risks when it comes to earthquake resistance compared to two-story or low-rise structures," the Chinese property expert said.

The earthquake prompted a flurry of enquiries from residents looking to relocate in the past week, he says, due to widespread "fear and anxiety" of living far above ground.

- 'Gap in perception' -

Yigit Buyukergun from Türkiye was at home in Bangkok with his wife when the quake struck. After it subsided, they emerged from under a table to inspect the damage on their 22nd-floor flat.

"Everywhere is cracked, especially in the corridor. You can see all the roof is really bad condition," the 25-year-old said.

Despite Buyukergun's safety concerns, the owners of the block seemed unfazed.

They say it is "100 percent safe, but I don't believe it," he said.

A large number of studio apartments in Bangkok's sprawling residential projects are rented out on annual leases requiring a two-month deposit.

Most condos do not permit short-term rentals for security reasons, and only hotels may lease for under 30 days.

Zhu says tenants and property owners often disagree over the habitability of quake-damaged apartments, with disputes becoming more common.

There is "a gap in perception and judgment between the two parties," he told AFP.

"The landlord sees the unit as safe, while the tenant feels it's unsafe and insists on moving out and getting their deposit back".

- Raising the bar -

Earthquake safety standards for buildings in Thailand were "not particularly strict" before the disaster and not something property-seeking clients specifically asked about, Zhu said.

Heightening anxiety since the quake was the shocking total collapse of a 30-storey construction in Bangkok that trapped dozens of workers, most of whom remain unaccounted for over a week later.

City authorities are now investigating whether substandard building materials had been used in its construction.

Zhu says more of his clients are now opting for low-rises.

For house hunters still considering high-rises, they often require that the property sustained "minimal or no damage during the recent earthquake, or at least was not severely affected".

He believes property prices will grow in the long-term as demand for safer buildings drives the adoption of costly seismic resistance measures, adding that "the bar for Thailand's real estate sector has been raised".

But for Buyukergun, talk of improving building regulations is not enough to calm his fears about the uncontrollable factors of geology.

While the prevalence of earthquakes in his home country of Türkiye made him feel uneasy, he had not expected to feel the same way about Thailand.

"Thailand is safe," he recalled thinking before.

"That's why I couldn't believe (the) earthquake (happened)."