The Residential Real Estate Transactions market in Lebanon has been experiencing significant growth in recent years, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in Lebanon have played a crucial role in the development of the Residential Real Estate Transactions market. Lebanese customers have shown a strong preference for investing in real estate, considering it a safe and reliable investment option. This preference is driven by the perception that real estate is a tangible asset that provides long-term value and can act as a hedge against inflation. Additionally, many Lebanese individuals and families aspire to own their own homes, leading to a high demand for residential properties. Trends in the market have also contributed to the growth of the Residential Real Estate Transactions market in Lebanon. One notable trend is the increasing popularity of off-plan properties. Off-plan properties offer buyers the opportunity to purchase a property before it is completed, often at a lower price compared to completed properties. This trend has attracted both local and international investors, as it allows them to secure properties at a lower cost and potentially benefit from capital appreciation once the property is completed. Another trend in the market is the rising demand for luxury properties. Lebanon has seen an influx of high-net-worth individuals, both from within the country and from abroad, who are seeking luxury properties as investments or for personal use. This trend has led to the development of upscale residential projects and has contributed to the overall growth of the Residential Real Estate Transactions market. Local special circumstances have also played a role in shaping the Residential Real Estate Transactions market in Lebanon. The country's geographical location, with its beautiful coastline and mountainous regions, has made it an attractive destination for both local and international buyers. Additionally, Lebanon has a rich cultural heritage and a vibrant nightlife, making it an appealing place to live or own a vacation home. Underlying macroeconomic factors have also influenced the development of the Residential Real Estate Transactions market in Lebanon. The country has experienced periods of economic instability and political uncertainty, which have led investors to seek stable investments such as real estate. Additionally, low interest rates and favorable mortgage conditions have made it easier for individuals to finance their real estate purchases, further driving demand in the market. In conclusion, the Residential Real Estate Transactions market in Lebanon has been growing due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The strong preference for real estate as an investment, the popularity of off-plan and luxury properties, the country's attractive geographical location, and favorable macroeconomic conditions have all contributed to the growth of the market.
Data coverage:
Figures are based on total and average revenue of residential real estate transactions (sales).Modeling approach:
Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.Forecasts:
We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.
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