Real estate activity picked up markedly on a monthly basis, whether in terms of number (up by 34.21% to 6,469) or value (up by 23.82% to LBP 44.62 trillion) as the registries of Metn, Aley and Baabda started processing new real estate transactions. The average value per transaction, however, dropped by 7.74% month-on-month to LBP 6.90 billion ($77.07K at the LBP 89,500 per USD exchange rate), from LBP 7.48 billion ($83.54K) a month earlier. It is worth noting, however, that the bulk of the work of real estate registries nowadays, and especially for those that remained most on strike (Mount Lebanon for example), is geared towards the processing of backlogged real estate transactions. As such, the figures displayed in the below section do not reflect the real momentum of the real estate sector during the concerned months. On an annual basis, the number of real estate transactions more than doubled during the first five months of the current year to 28,189 when compared to the 12,950 transactions recorded in the same period last year with the value of transactions almost tripling to LBP 217.75 trillion. Foreigners’ share of real estate sale transactions spiked to 2.60% by end of May 2025 from 2.36% in the full year 2024 and 1.87% in 2023 amidst talks of renewed foreign (particularly Arab) appetite in the Lebanese real estate market.