According to the General Directorate of Land Registry and Cadastre (LRC), the cumulative number of real estate (RE) transactions reached 26,430, valued at $2,653M by September 2024. This valuation is calculated at the new official rate of USD/LBP 89,500, effective from February 1st, 2024.
On a monthly basis, the number of RE transactions stood at 2,447 in September 2024, compared to 4,290 transactions in August 2024 and 4,409 transactions in October 2023.
In details, here is the regional breakdown in September 2024:
The value of real estate transactions in September 2024 reached $187.04M. Beirut held the largest share of the total value at 40.60%, amounting to $76M. North followed with 23.25% of the total value, equivalent to $43.5M.
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