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|
|400 sq. m.||1,874,000||5,380||3.45%||4,685||13.45|
| Districts researched
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.