Global Property Guide

Financial Information for the Residential Property Buyer


Lebanon's residential price rises have continued

Last Updated: October 14, 2013

Last Updated: Oct. 14, 2013
BEIRUT - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
150 sq. m. 553,950 2,082 4.51% 3,693 13.88
250sq. m. 1,067,750 3,410 3.53% 4,271 12.56
400 sq. m. 1,874,000 5,380 3.45% 4,685 13.45
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

It is really amazing how much things have changed.  Six years ago, when we first set out to look at rental returns in Lebanon, gross rental yields averaged 10% to 11%.

In 2013, you would be lucky to receive a return of 4.5% on your property, and larger properties will yields less, at 3.5%.

Central Beirut apartments are now, in 2013, priced at around US$3,700 to US$4,700 per square metre.

When we did our first survey in 2004, prices averaged around US$1,200! So prices have risen a lot, which explains the much lower yields.

Round trip transaction costs are low in Lebanon.   See our residential transaction costs analysis for Lebanon and Residential property transaction costs in Lebanon compared to the continent.

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