Lebanon is located at the crossroads of East and West and neighbors Syria and Israel. The country lies on the Mediterranean coast and receives many tourists, who, in turn, increase the demand for temporary housing in the country. Therefore, investors can buy real estate in Lebanon in order to receive passive income, and not only in season.
Benefits of Buying a Home in Lebanon
Any foreigner can buy properties in Lebanon. All you need to do is get permission from the Cabinet of Ministers on the recommendation of the Ministry of Finance. It is not difficult to get permission because the procedure is standardized and well-established, and buyers of real estate in Lebanon through an agency are not involved in this process at all - the intermediary does everything himself. The ban on buying properties applies only to Israeli citizens and those who want to buy more than 3,000 m² of Lebanese land.
Advantages of properties for sale in Lebanon:
- Seismic safety. All new projects comply with strict standards that take into account the seismic activity of the region.
- High liquidity. Properties in Beirut and tourist areas are in demand among renters, especially during the summer season.
- Cultural adaptation. Layouts often include spacious terraces and common areas for family gatherings, in keeping with Lebanese traditions.
- Dollarization of transactions. Most transactions are conducted in US dollars.
Real estate prices in Lebanon
In Beirut, in the Ashrafieh and Downtown areas, the cost of real estate in Lebanon starts from $3,000 per square meter. Selling real estate in Lebanon on the secondary market is popular in areas with traditional buildings, where you can find restored houses with arched windows and stone facades. For example, in Byblos, the secondary market costs from $2,100 per square meter, which makes it an affordable alternative to new buildings.
Average property prices in Lebanon:
| Property type |
Average area (sq.m)
|
Average price per sq.m ($) |
Approximate cost of the object ($) |
| Studio |
40–70 |
2700–4200 |
108,000–294,000 |
| Apartments (2-3 rooms) |
90–140 |
3200–6200 |
288,000–868,000 |
| Villas |
200–350 |
4200–7800 |
840,000–2,730,000 |
| Secondary housing |
80–150 |
2100–4300 |
168,000–645,000 |
Popular Cities and Areas in Lebanon for Buying a Home
Beirut is the capital of Lebanon and the center of business activity. In the capital's Ashrafieh district, luxury properties are popular with prices starting from $5,500 per sq.m. In the Downtown district, you can buy housing in Lebanon for $7,000 per sq.m. Hamra is popular among young people due to its cafes and universities, prices start from $3,200 per sq.m.
- Junyathe is the most popular city for selling real estate in Lebanon to foreigners. The coastal city 25 km from Beirut is full of beaches and casinos, so English is spoken here even more than in the capital. There is little secondary housing here (from $1800), but many new buildings for $2200 per sq.m.
- Byblos (Jbeil) stands out for its historical part - there is active renovation of secondary properties, with prices starting from $2100 per sq.m.
- Zahle lies in the valley of the Bardauni River. The main housing stock consists of apartments from $1,600 per sq.m. and villas from $2,400 per sq.m.
- Faraya is located in the interior of the country in the mountains, but stands out for its ski resorts. Real estate in Lebanon is sold here for $3,200 per sq.m.
