Lebanon’s real estate sector has been affected by the severe downturn in the Lebanese economy, with public debt rising to record levels—exceeding $70 billion—and the budget deficit widening, In addition, this year’s growth rate did not exceed 1.5%, and would have been negative had the Central Bank of Lebanon not stepped in to support the economy through the fiscal stimulus packages it continues to inject into the market via the banking sector.

All these changes have caused a recession and slowdown in the real estate market, prompting developers to launch advertising campaigns to encourage both residents and expatriates to purchase real estate and apartments in Lebanon, although prices have not declined and have remained relatively stable, with the exception of some discounts offered to new buyers seeking to finalize their contracts.

Sources indicated that a large number of Gulf investors had withdrawn from the Lebanese real estate market during the previous period, while denying that the process was organized or collective; the sources attributed the matter to individual behavior only.