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Feb 20, 2013

Lebanon's residential price rises have continued

			Last Updated: Feb. 20, 2013
BEIRUT - Apartments	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
BEIRUT - Apartments	TO BUY	MONTHLY RENT	YIELD (p.a.)	TO BUY	MONTHLY RENT
150 sq. m.	538,650	1,623	3.62%	3,591	10.82
225 sq. m.	845,325	2,354	3.34%	3,757	10.46
275 sq. m.	1,261,425	2,786	2.65%	4,587	10.13
400 sq. m.	1,887,600	4,592	2.92%	4,719	11.48
Districts researched Achrafieh/Ashrafieh: Gemmayze Ras Beirut: Ain El Mreisseh, Ain El Tineh, Clemenceau, Hamra, Manara, Rouche/ Raouche, and Sanayeh Central Business District: Centre Ville and the new marina (Solidere), Moussaytbeh: Ramlet El Bayda, Verdun, and Saifi Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

The extraordinary rise in prices in Beirut over the last five years continued during this past year. Our December survey found that prices for Central Beirut apartments, prices of US$4,200 to US$6,800 per square metre are now typical.

When we did our first survey in 2004, prices averaged around US$1,200!

That is an increase of around 5 times over six years. Even more surprising, the Lebanese Pound has barely moved against the US dollar during this period.

Gross rental yields in Beirut have dropped significantly over this period, as would be expected, as a result of the price rises. Gross rental yields on Beirut apartments now range from 2.7% to 3.5%. That compares with gross rental yields six years ago, which averaged 10% to 11%.

We believe such high prices and low yields are unlikely to be sustainable.

Lebanon - more data and information

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