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The Monthly Magazine | Real Estate Prices - December 2013
Real Estate Prices - December 2013
Much like the general economic situation, the real estate market has closed a losing year with great disappointments. Given that this sector in particular has in the past managed to maintain momentum even in the gloomiest and most difficult times, it seems that the present paralysis can be attributed more to the price increases that have affected the property market since 2006/7 rather than to the security turmoil in Lebanon and the region. There are no signs of potential price decreases currently, which means that the state of the market will remain unchanged until the return of new investments. Otherwise, the market will need years to come to terms with the previous price increases before it recovers.
Table 1 and 2 illustrate the prices of some estates and apartments sold in December 2013.
Prices of some estates sold in December 2013
Table 1
Region
Area m2
Price (USD)
USD/m2
Beirut
Bechara el-Khoury
625
3,750,000
6,000
Tallet el-Khayyat
740
9,620,000
13,000
Baabda
Hazmieh (Mar Taqla)
850
2,550,000
3,000
Tohwita
2,500
8,000,000
3,200
Matn
Bsaleem
1,600
1,760,000
1,100
Ain Saadeh
2,100
1,680,000
800
Nahr el-Mawt
1,200
1,080,000
900
Aley
Aley
920
322,000
350
Kessrouan
Kfardebian
1,000
330,000
330
Ghedras
1,700
493,000
290
Source: Compiled by Information International
Prices of some apartments sold in December 2013
Table 2
Region
Area m2
Price (USD)
USD/m2
Beirut
Qraytem
300
780,000
2,600
Tallet el-Khayyat
200
640,000
3,200
Ashrafieh (Nasira)
150
450,000
3,000
Hamra
160
760,000
4,750
Ain el-Mraisseh
185
814,000
4,400
Rateeq el-Jdideh
150
175,500
1,170
Ain el-Tineh
200
800,000
4,000
Qasqas
160
288,000
1,800
Baabda
Hadath (Saint thérèse)
130
195,000
1,500
Hadath (A- Amerkan)
250
500,000
2,000
Hazmieh
160
312,000
1,950
Hazmieh
150
210,000
1,400
Hazmieh (Camilia)
200
500,000
2,500
Ain Roummaneh
155
232,500
1,500
Matn
Jal el-Deeb
135
202,500
1,500
Monteverdi
310
620,000
2,000
Dawra
140
140,000
1,000
Broumana
300
720,000
2,400
Antelias
200
310,000
1,550
Mansourieh
140
224,000
1,600
Sin el-Fil
180
351,000
1,950
Aley
Bshamoun (Madares)
140
140,000
1,000
Aramoun
110
110,000
1,000
Khaldeh
130
156,000
1,200
Choueifat (Al-Oumara)
135
135,000
1,000
Kessrouan
Ballouneh
170
246,500
1,450
Adoniss
180
225,000
1,250
Zouq Mosbeh
135
148,500
1,100
Shailieh
165
224,400
1,360
Ghadeer
200
300,000
1,500
Source: Compiled by Information International
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