According to the data from the General Directorate of Land Registry and Cadastre (LRC), the cumulative number of Real estate (RE) transactions reached 12,950 valued at $1.64B by May 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 3,589 in the month of May 2024, compared to 2,718 transactions in April 2024 and 793 transactions in May 2023. In details, North region holds the biggest share of real estate transactions at 900, or 25% of total RE transactions, followed by Zahle at 792 transactions or 22% of total RE transactions. Furthermore, South region grasped 20% of total RE activity in May 2024 while Beirut held 347 transactions or 10%. Noting that no RE transaction was recorded in the area of Metn for the month of May 2024. Moreover, the value of Real estate transaction reached $253.39M in May 2024 out of which Beirut grasped the lion’s share of the total value, equivalent of 37% and worth $93M, while Keserwan followed, constituting 18% of the total and worth $46M.
Source: Cadastre, Ministry of Finance
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