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 22.23% to reach 1,588 permits by February 2024 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. However, the Construction Area Authorized by Permits (CAP) increased by 20.36% to record 975,212 square meters (sqm). This could be explained by the increased tendency for group projects rather than individual ones.
Moreover, construction activity witnessed a significant reduction regionally compared to last year. Across the governorates, Mount Lebanon grasped 33.5% of total permits, and accounted for 532 permits in February 2024 compared to 852 in February 2023. Regarding South governorate, it came second and represented 28.4% of total permits; its respective number of permits recorded 451 permits compared to 562 in February 2023. In Nabatieh, 243 permits were registered in February 2024 and representing 15.3% of total permits compared to February 2023 of 353 permits. Furthermore, Bekaa governorate followed with 226 permits and representing 14.23% of total permits in February 2024 compared to February 2023 of 180 permits. Beirut governorate’s share of permits was 5.04% with 80 permits only.
Number of Construction Permits by February 2024
Source: Orders of Engineers in Beirut & Tripoli
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