According to the Orders of Engineers in Beirut and Tripoli, the number of construction permits slipped by an incremental 0.06% year-on-year (y-o-y) to stand at 7,133 permits by May 2017. However, the Construction Area Authorized by Permits (CAP) fell by an annual 12.62% to 4.5M square meters (sqm), which may indicate investors’ preference for smaller construction areas for their projects.
In a regional breakdown, only Beirut and the North recorded improved construction activity while all other governorates registered yearly declines in the number of permits. In details, Mount Lebanon grasped the largest share (35.34% of total permits), with 2,521 construction permits issued by May 2017, down by an annual 3.3%. In the South of Lebanon (grasping 16.89% of total), construction permits also fell by 8.99% y-o-y to stand at 1,205 allocated permits in the same period. In Nabatiyeh (13.32% of total), 950 permits were issued by May 2017, also decreasing by 4.81% compared to the same period in 2016. However, in the North (21.24% of total permits), the number of construction permits climbed by 19.95% y-o-y to 1,515 permits. Also, in Beirut (4.29% of total), the number of construction permits rose by 9.29% to stand at 306 permits by May 2017.
Number of Construction Permits by May
Source: Orders of Engineers in Beirut & Tripoli