The value of real estate transactions in Beirut totaled $903 million and accounted for 30 percent of the total in the first seven months of 2019. (The Daily Star/Mohamad Azakir)
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The Finance Ministry said real estate transactions in the first seven months of 2019 had shrunk by 24 percent compared to the same period of 2018 .There were 39,910 real estate transactions in the first seven months of 2017 and 34,736 deals in the same period of 2016 .The north followed with 4,245 deals (16.7 percent), then the Zahle area with 3,521 transactions (13.9 percent), the south with 3,126 deals (12.3 percent), the Metn district with 2,905 transactions (11.4 percent), the Kesrouan region with 2,443 deals (9.6 percent), the Nabatieh area with 2,163 transactions (8.5 percent), and Beirut with 1,762 deals (6.9 percent).The total amount of real estate transactions reached $3 billion in the first seven months of 2019 and decreased by 33.6 percent from $4.6 billion in the same period of 2018 .
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