Real estate activity was dull during the month of April 2024 with the number of sale transactions dropping by 17.93% month-on-month to 2,718 and the value of transactions concurrently decreasing by 16.17% to LBP 16.17 trillion. The average value per transaction increased by 2.15% month-on-month to LBP 5.95 billion ($66.49K at the LBP 89,500 exchange rate), from LBP 5.83 billion ($65.09K) a month earlier. On a cumulative basis, the number of real estate transactions reached 9,361 transactions in the first four months of 2024, in comparison with 1,761 transactions over the same period in 2023 with the value of transactions skyrocketing to LBP 52.71 trillion compared to LBP 1.59 trillion a year before. The rise in volume can be explained by the fact that real estate registries were closed due to public sector strikes during the most part of the Jan-Apr 2023 period, while only those of Mount Lebanon (Metn, Jounieh and Baabda) remained on strike up until April 2024. As for the increase in value of transactions, it can be mainly interpreted by the gradual increase in the Sayrafa rate (which is used by the real estate registry to compute the LBP value of the transactions) from around LBP 38,000/USD in January 2023 to LBP 43,622/USD in February LBP 79,422/USD in March before reaching LBP 86,893/USD in April of the same year compared to LBP 89,500/USD in the first four months of the current year. Finally, it seems that foreigners are showing some appetite for the Lebanese real estate sector as their share of sale transactions has increased to 2.12% in the first four months of 2024 compared to 1.87% in 2023 and 1.04% in 2022.