According to the data from the General Directorate of Land Registry and Cadastre (LRC), the number of real estate (R.E) transactions which may include one or more realties, dropped by a yearly 18.30% to stand at 31,131 transactions by August 2019. In its turn, the value of total RE transactions stood at $3.94B, down by an annual 23.50% over the same period. As such, the average value per transaction fell from 135,074 by August 2018 to 126,478 in the same period this year.
In addition, the foreigners’ share of the total number of real estate transactions climbed to 2.08% by August 2019, up from 1.95% in the same period last year. As such, foreigners executed 646 transactions by August 2018 compared to 742 by August 2019.
In a regional breakdown, the largest number of transactions was executed in Baabda, which grasped a share of 17.97% of the total (the equivalent of 5,194 transactions) worth $653.16M by August 2019. The North and Zahle followed, with stakes of 16.22% and 13.49% of total transactions, worth $265.15M and $150.14M, respectively. Moreover, the South constituted 12.42% of total real estate transactions worth $307.43M over the same period.
Total Number of Real Estate Transactions by August