Lebanon saw a 27.53% year-on-year (YoY) drop in construction permits during the first quarter (Q1) of 2025, reaching a total of 1,845 permits, according to data from the Orders of Engineers in Beirut and Tripoli. Israel’s war on Lebanon had been largely contained to specific areas in both Q1 2024 and Q1 2025. However, with Q1 2025 following a period of escalation, uncertainty appears to have had a greater impact this time. Despite the ceasefire limiting the conflict to certain regions, the war remains unresolved, leaving many hesitant to initiate new construction. However, the Construction Area Authorized by Permits (CAP) increased by 18.63% to record 1,723,228 square meters (sqm). This could be explained by the increased tendency for group projects rather than individual projects.
Moreover, construction activity showed mixed trends compared to the previous year. While North Lebanon experienced growth, all other governorates saw a decline. The table below provides a detailed breakdown by governorate:
Number of Construction Permits
Source: Orders of Engineers in Beirut & Tripol
Disclaimer:
This article is a research document that is owned and published by BLOMINVEST BANK SAL.
No material from this publication may be modified, copied, reproduced, repackaged, republished, circulated, transmitted or redistributed directly or indirectly, in whole or in any part, without the prior written authorization of BLOMINVEST BANK SAL.
The information and opinions contained in this document have been compiled from or arrived at in good faith from sources deemed reliable. Neither BLOMINVEST BANK SAL, nor any of its subsidiaries or affiliates or parent company will make any representation or warranty to the accuracy or completeness of the information contained herein.
Neither the information nor any opinion expressed in this research article constitutes an offer or a recommendation to buy or sell any assets or securities, or to provide investment advice.
This research article is prepared for general circulation and is circulated for general information only.