The eruption of the war in early March had a devastating toll on the real estate sector. In details, real estate activity saw the number of transactions decreasing by 26.68% to 3,095 in March 2026 (lowest reading since the month of November 2024 when the previous war was raging) and their value concurrently dropping by 18.21% to LBP 31.28 trillion (lowest reading since November 2024 as well). Consequently, the average value per transaction increased by 11.54% month-on-month to LBP 10.11 billion ($112.91K at the LBP 89,500 per USD exchange rate) compared to LBP 9.06 billion ($101.22K) in the previous month. Furthermore and on a cumulative basis, the number of real estate transactions fell by 29.30% y-o-y to 11,949 in the first quarter of 2026 in comparison with 16,900 in the same quarter last year, with the value of transactions dropping by 18.19% over the same period to LBP 112.15 trillion ($1.25 billion). Foreigners’ share of real estate sale transactions fell to 1.55% by end of March 2026, from 2.09% in the full year 2025 and 2.36% in the full year 2024 as illustrated in the chart below: