Residential Real Estate - Lebanon

The Residential Real Estate market market in Lebanon is projected to reach a value of US$135.90bn by 2024.
This market is expected to exhibit an annual growth rate (CAGR 2024-2029) of 1.38%.
This growth will lead to a market volume of US$145.60bn by 2029.
In comparison to other countries, China is anticipated to generate the highest value in the Real Estate market, with an estimated worth of US$112.9tn in 2024.
Lebanon's residential real estate market is experiencing a surge in demand due to the influx of expatriates returning to the country.

Definition:

The residential real estate market covers the leases and transactions of residential properties. Residential real estate leases refer to the market where landlords and tenants enter into agreements for the rental of residential properties, such as apartments, houses, and condominiums, while residential real can be defined as buying, selling, or transfer of ownership of residential properties.

Structure:

The residential real estate market covers real estate transactions and leases, and the section, residential real estate leases, is divided into apartment and house leases.

Additional information:

The market contains the following KPIs: real estate value aggregated for all countries and regions, average real estate value, real estate transaction revenue, number of real estate sold, number of leased and owned real estate, average room per resident, and dwelling type shares. The dwelling type shares comprise the share of the population that lives in houses and apartments. These shares are displayed for real estate owners and for real estate renters as well.

Residential real estate transactions
Residential real estate leases

Real estate agencies
Construction companies
Accommodation services, such as Airbnb
Commercial real estate leases and transactions
Publicly owned buildings used by the local government
Buildings used for public health care services

The Residential Real Estate market in Lebanon is experiencing a period of steady growth and development.

Customer preferences: Customers in Lebanon are increasingly seeking residential properties that offer modern amenities and convenient locations. There is a growing demand for properties that are close to schools, shopping centers, and other essential facilities. Additionally, customers are looking for properties that provide a high level of security and privacy.

Trends in the market: One of the key trends in the residential real estate market in Lebanon is the increasing popularity of apartment living. Many customers are opting for apartments due to their affordability and the convenience they offer. Apartments in Lebanon often come with shared amenities such as gyms, swimming pools, and parking spaces, making them an attractive choice for customers. Another trend in the market is the growing interest in sustainable and eco-friendly properties. Customers are increasingly concerned about the environmental impact of their homes and are looking for properties that are energy-efficient and incorporate sustainable building materials. Developers in Lebanon are responding to this trend by incorporating green features into their projects.

Local special circumstances: Lebanon is known for its vibrant and cosmopolitan lifestyle, which attracts both local and international buyers. The country's rich history and cultural heritage also make it an attractive destination for those looking to invest in residential real estate. Additionally, Lebanon's relatively low property prices compared to other countries in the region make it an affordable option for many buyers.

Underlying macroeconomic factors: The residential real estate market in Lebanon is influenced by several macroeconomic factors. One of the key factors is population growth, which drives the demand for housing. Lebanon has a young and growing population, which creates a constant need for new residential properties. Another factor is the stability of the country's economy. Lebanon has experienced periods of political and economic instability in the past, which have had an impact on the real estate market. However, the government has taken steps to improve economic stability and attract foreign investment, which has positively contributed to the growth of the residential real estate market. In conclusion, the residential real estate market in Lebanon is developing in response to customer preferences for modern and convenient properties. The increasing popularity of apartment living and the demand for sustainable properties are key trends in the market. Lebanon's vibrant lifestyle, cultural heritage, and relatively affordable property prices make it an attractive destination for both local and international buyers. The market is also influenced by population growth and the stability of the country's economy.

Data coverage:

Figures are based on total and average value of residential real estate, residential estate transactions and leases.

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Residential Real Estate - Lebanon

Value

Volume

Analyst Opinion

Transaction Value

Revenue

Household Type

Living Space

Methodology

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