According to the data from the Orders of Engineers in Beirut and Tripoli, the total construction permits witnessed a year-on-year (YOY) significant decrease of 35.39% to reach 807 permits by January 2024. Likewise, the Construction Area Authorized by Permits (CAP) declined by 14.65% to record 370,840 square meters (sqm) due to several reasons such as public institution’s strike, decrease in the purchasing power of most of Lebanese population in addition to the ongoing security concerns in the southern border and the war in Gaza.
Moreover, construction activity witnessed a remarkable decrease regionally compared to last year. Across the governorates, Mount Lebanon grasped 32.59% of total permits, and accounted for 263 permits in January 2024 compared to 510 in January 2023. Regarding South governorate, it came second and represented 29.86% of total permits; its respective number of permits recorded 241 permits compared to 339 in January 2023. In Nabatieh, 146 permits were registered in January 2024 and representing 18.09% of total permits compared to January 2023 of 239 permits. Furthermore, Bekaa governorate followed with 98 permits and representing 12.14% of total permits in January 2024 compared to January 2023 of 111 permits. Beirut governorate’s share of permits was 4.09% with 33 permits only.
Number of Construction Permits by January 2024
Source: Orders of Engineers in Beirut & Tripoli
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