Real estate activity was subdued during the fourth month of 2021 with the number of sale transactions falling by 15.42% month-on-month to 9,398 and the value of transactions dropping by 37.97% to $1.25 billion. Consequently, the average value per transaction dropped by 26.67% month-on-month to $132,661, from $180,905 a month earlier. On a cumulative basis however, the number of real estate transactions soared by 52.15% y-o-y to 22,580 transactions in the first four months of 2021, with the value of transactions skyrocketing by 36.63% to $3.55 billion. It is worth noting that foreigners’ share of sale transactions fell to 1.40% by end of April 2021, down from 1.53% at end of 2020.

From a geographical standpoint, the average value per real estate transaction in the Beirut region fell by 20.37% to $552,452 by April 2021, down from $693,797 at year-end 2020 with that in the Metn region declining by 4.37% to $246,529. On the other hand, the average value per transaction in each of the Kesserwan and Baabda regions came in 0.11% and 8.90% higher at $175,611 and $169,895 respectively.