The 2022 Renaissance of the Lebanese Real Estate

21st December 2022
Home > News > The 2022 Renaissance of the Lebanese Real Estate

“Invest in Real Estate and you’ll never lose” is a statement heard by all, claimed by many, and executed by a few. One thing common among those few is that they have analyzed beyond what was said and deduced that the only way to win in real estate is to have patience and invest on the long-term. This is exactly the case with the Lebanese real estate market in 2022. Ever since things started going downhill for Lebanon back in 2019, the housing sector witnessed a huge decline in real estate prices. However, in 2022, a real estate renaissance phenomenon is being witnessed with the demand curve shifting upwards due to the investments in real estate sector of several Lebanese especially those working in the Gulf Countries.

Let us rewind for a few years backwards. Lebanon, being compared to Switzerland, had one of the best banking sectors in the world due to its nature of operations. This has raised the trust of Lebanese people all over the world and encouraged them to save all their money in Lebanese bank accounts knowing that the return on their investments was phenomenally high. However, major shock alert, the Lebanese dream turned into a nightmare where the depositors now lost all their, what was supposed to be, liquidity cash flows. As a result, a wall of distrust is now built between the Lebanese people and anything related to banks and whatever money is being raised is no longer being saved in Lebanese banks.

Today, Real estate is one of the few sectors that could increase the future return on investment – due to expected capital gains. It is a source of fresh dollar income as well as all rents in Lebanon shifted into fresh $ in 2022. All sellers have adjusted the value of their properties but definitely pricing them in fresh dollars. Buying Real Estate in Lebanon in 2022 means buying at historically low prices and waiting and expecting capital gain in the coming few years – as prices are definitely expected to go up. As a matter of fact, we noticed that property prices are starting already to move upward again in fresh $ in the past few months.

In conclusion, investing nowadays in real estate in Lebanon is seen as a fruitful investment by many Lebanese expats - if you have patience and a long-term vision. Lebanese people are trusting more and more the real estate sector after realizing major losses in the recent crisis.

Samar Issa
Team Leader Jbeil

Share this article
  • icon
  • icon

Related News Articles

2022 Real Estate Year-End Review: Lebanon

Real Estate Year-End Review: LebanonAs we head into 2023, we have asked our most senior real estate experts about real estate in Lebanon in 2022: How would you summarize it in one word or one sentence the real estate market in 2022?Summarize Real Estate in Lebanon in 2022?Probably the most interesting and expressive sentence that really described the reality of 2022 real estate...

JSK Incentive Trip To Strasbourg Christmas Market

Strasbourg is the biggest Christmas market in Europe and was the destination of JSK incentive trip in 2018. “JSK is built on quality service provided by exceptional agents”, said Mr. Jade Zoghaib CEO of the company. “Continuous incentive of our team is something we enjoy and we will keep on doing at JSK”. In 2018, the team chose to visit the Christmas market of Strasbourg and C...

We Are In The Business Of Finding Your Home; “Home” Definition Has Expanded Lately With Coronavirus Outbreak

Find your HomeWe pride ourselves to being in the business of finding your home. As a matter of fact, JSK slogan is “Leading you Home”. Home is the best place there is to almost everyone. It’s “home” where you are at ease. It’s “home” where memories with your family are built. It’s “home” where your most cozy sofa is. It’s “home” where your bed with your comfortable pillows are....

Did Airbnb Affect The Rental Market In Beirut?

The rise of Airbnb listings in Beirut in the past few years is undeniable. But did this rise affect the real estate rental market? and did it impact the local real estate brokers?With a few button clicks on a smartphone or a laptop, you can book a reasonably priced, centrally located private apartment or a room within an apartment in Beirut. Airbnb is probably making travel eas...