According to the data from the General Directorate of Land Registry and Cadastre (LRC), the cumulative number of Real estate (RE) transactions reached 9,361 valued at $1.38B by April 2024, calculated at the new official rate of USD/LBP 89,500 starting February 1st, 2024.
On a monthly basis, the number of RE transactions stood at 2,718 in the month of April 2024, compared to 1,761 transactions same month previous year and 3,312 transactions in March 2024. In details, Zahle holds the biggest share of real estate transactions at 732, or 27% of total RE transactions, followed by North region at 682 transactions or 25% of total RE transactions. Furthermore, South region grasped 18% of total RE activity in April 2024 while Beirut held 349 transactions or 13%. Noting that no RE transaction was recorded in the area of Baabda and Metn for the month of April 2024. Moreover, the value of Real estate transaction reached $180.71M in April 2024 out of which Beirut grasped the lion’s share of the total value, equivalent of 48% and worth $86.4M, while the South followed, constituting 17% of the total and worth $30.09M.
Source: Cadastre, Ministry of Finance
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