Real estate activity rebounded during the month of December following the ceasefire agreement that was attained in late November, with the number of sale transactions increasing by 73.04% month-on-month to 4,326 and the value of transactions concurrently increasing by 28.92% to LBP 35.02 trillion. The average value per transaction, however, dropped by 25.50% month-on-month to LBP 8.10 billion ($90.46K at the LBP 89,500 per USD exchange rate), from LBP 10.87 billion ($121.42K) a month earlier. On a cumulative basis, the number of real estate transactions reached 36,382 transactions in the full year 2024, in comparison with 23,679 transactions in 2023 with the value of transactions skyrocketing to LBP 258.83 trillion compared to LBP 89.56 trillion a year before. The rise in the number of transactions can be explained by the fact that real estate registries were closed due to public sector strikes during the most part of the year 2023, while none of the registries remained on strike up until December 2024. It is worth noting that realty figures for the Nabatieh region were not published for the month of December given the high level of destruction in this area. As for the cumulative increase in the value of realty transactions, it can be mainly interpreted by the gradual changes in the Sayrafa rate (which is used by the real estate registry to compute the LBP value of the transactions) which rose from LBP 38,000/USD at end of January 2023 to reach of LBP 86,700/USD in April before stabilizing at LBP 89,500/USD at end of year 2024 which coincides with the new official exchange rate starting February 2024. Foreigners’ share of real estate sale transactions rose to 2.36% in the year 2024 from 1.87% in the full year 2023 and 1.04% in 2022.