Real Estate in Beirut, Lebanon
Last updated on Nov 17, 2024
Summary: The most desirable neighborhoods in Beirut, Lebanon are Achrafieh, Verdun, and Hamra. The average cost to buy a nice 2 bedroom home in Beirut is around $400,000 USD, while a nice 3 bedroom home can cost up to $700,000 USD. These properties typically include modern amenities such as air conditioning, central heating, and high-speed internet. Foreigners are allowed to purchase property in Beirut, however, they must obtain a residency permit in order to do so. Expats should search for a home to buy in Beirut by researching the different neighborhoods and their amenities, as well as by consulting with a real estate agent who is familiar with the area. Additionally, expats should consider their budget and the type of property they are looking for before making a purchase.
How do I find a place to live in Beirut?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One of the best ways to find a place to live in Beirut is to use online resources such as websites and social media. Websites such as Lamudi, Property Finder, and Real Estate Lebanon are great resources for finding apartments, villas, and other types of housing in Beirut. Additionally, social media platforms such as Facebook and Instagram can be used to search for housing in Beirut. Many real estate agents and landlords post listings on these platforms, making it easy to find a place to live in Beirut. Additionally, it is also possible to find housing in Beirut by asking friends and family for recommendations or by visiting the city and looking for housing in person," said one expat in Beirut.
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What is a typical expat home or apartment like in Beirut?
"Expat homes and apartments in Beirut tend to be modern and luxurious, with high-end furnishings and appliances. Many expats choose to live in the city center, where they can enjoy easy access to the many restaurants, shops, and entertainment venues. Expat apartments often feature large balconies with stunning views of the Mediterranean Sea and the city skyline. Many expats also choose to live in the suburbs, where they can enjoy a more relaxed lifestyle and access to outdoor activities," said one person in Beirut.
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What is the average cost of housing in Beirut?
If you are thinking about moving to Beirut, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Beirut can vary greatly depending on the area and type of property. Generally, the average cost of renting an apartment in Beirut is around $1,000 to $2,000 per month, while the average cost of buying a property is around $2,000 to $3,000 per square meter. Prices can be higher in more desirable areas, such as downtown Beirut," said one person in Beirut.
Should I buy or rent a home in Beirut?
If you have not spent a lot of time in Beirut, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Beirut can be a great investment, as the city is a vibrant and growing metropolis. However, it is important to consider the cost of living in Beirut, as well as the current political and economic climate, before making a decision. Renting a home in Beirut can be a great option for those who are not ready to commit to a long-term purchase, or who are looking for a more flexible living situation. Renting can also be a great way to get to know the city and its culture before making a larger investment. Ultimately, the decision to buy or rent a home in Beirut should be based on individual needs and preferences," said one expat in Beirut.
What do I need to know when buying property in Beirut?
When we asked expats what advice they would give a foreigner before buying a property in Beirut, they said:
"1. It is important to research the area you are looking to buy in, as some areas may be more desirable than others. 2. It is also important to understand the local laws and regulations regarding property ownership and taxation. 3. It is advisable to seek legal advice from a qualified lawyer before making any purchase. 4. It is important to ensure that the property is free from any legal disputes or encumbrances. 5. It is also important to check the title deed of the property to ensure that it is valid and up to date. 6. It is advisable to obtain a surveyor's report to ensure that the property is structurally sound and free from any defects. 7. It is important to be aware of the costs associated with buying property in Beirut, such as stamp duty, registration fees, and other taxes. 8. It is also important to be aware of the local customs and traditions when buying property in Beirut," said one in Beirut.
Are foreigners allowed to own property in Beirut?
When we asked expats what advice they would give a foreigner before buying a property in Beirut, they said...
"Yes, foreigners are allowed to own property in Beirut. However, there are certain restrictions and regulations in place. Foreign individuals and companies can purchase property up to a certain limit, which is currently 3,000 square meters for individuals and 10,000 square meters for companies. Additionally, foreign ownership is subject to approval from the local authorities, and the property must be used for residential or commercial purposes only. In some cases, foreign owners may also be required to obtain a residency permit in Lebanon. It is important for foreigners to consult with a local real estate expert or lawyer to navigate the property ownership process in Beirut," explained one person living in Beirut, Lebanon.
What appliances are typically included in a rental?
We asked foreigners in Beirut what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Beirut, rental properties typically include a refrigerator, stove, oven, washing machine, and air conditioning unit. Additionally, some properties may also include a dishwasher, microwave, and/or a water heater," explained one person living in Beirut, Lebanon.
Additional Information about Searching for a Home in Beirut:
We asked foreigners in Beirut what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Beirut often start by browsing online property listings on websites such as OLX, PropertyFinder, and Lamudi. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have experience in the local housing market. Additionally, they might consult with local real estate agents who have knowledge of available properties and can help navigate the rental or purchasing process. Expats may also network with friends, colleagues, or acquaintances living in Beirut to get insider tips on finding a suitable home. Finally, some expats may choose to visit neighborhoods in person to explore the area and look for "For Rent" or "For Sale" signs on properties," wrote one expat who made the move to Beirut.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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