Overview of Beirut. (Credit: Guillaume Boudisseau)
Political and security events have revived the Beirut real estate market in a few weeks. Real estate was reeling from several months of war in 2024. It started to improve after the cease-fire in November 2024, the election of a president on Jan. 9, 2025, the appointment of a prime minister and finally the formation of a new government on Feb. 8, 2025.'The demand has indeed accelerated in recent weeks, but the market had never stopped in 2024. From January to May 2024, we began to see a return of buyers,' recalls Éliane Kreidy, a real estate expert and general manager of Foncia Consult. But the market slowed down starting June 2024 with the worsening situation in South Lebanon and the Beqaa region. Following Israeli bombings on the southern suburbs and ten strikes on Beirut, the sector came to a complete standstill until the end...
Political and security events have revived the Beirut real estate market in a few weeks. Real estate was reeling from several months of war in 2024. It started to improve after the cease-fire in November 2024, the election of a president on Jan. 9, 2025, the appointment of a prime minister and finally the formation of a new government on Feb. 8, 2025.'The demand has indeed accelerated in recent weeks, but the market had never stopped in 2024. From January to May 2024, we began to see a return of buyers,' recalls Éliane Kreidy, a real estate expert and general manager of Foncia Consult. But the market slowed down starting June 2024 with the worsening situation in South Lebanon and the Beqaa region. Following Israeli bombings on the southern suburbs and ten strikes on Beirut, the sector came to a complete standstill until the...
