Lebanon Real Estate Sector Rises 21%

The real estate sector has seen an upturn in the month of March, compared with the previous month, with the number of transactions rising by 21.04% to 6,241, up from 5,156 in February.

The value of real estate transactions was up by 31.97% during the month of March 2012 at $790m, compared to $600m in February of the same year, as The Daily Star reported

On a cumulative basis, however, the number of real estate transactions fell by 3.39% year-on-year to 16,784 in the first quarter of 2012, down from 17,373 in the first quarter of 2011, the report said.