Lebanon · Middle East · Population: 2,400,000
Beirut is a challenging market for first-time buyers, with significant price corrections underway. The city has affordable rents compared to global standards. At $180,000 average home price in Lebanon, buyers should consider the 12.5x price-to-income ratio when planning a purchase.
| Average Home Price | $180,000 |
| Price per sqm | $2,800 |
| Price-to-Income Ratio | 12.5x |
| Mortgage Rate | 15.0% |
| 1-Year Price Change | -8.5% |
| 1-Bedroom Apartment | $600/mo |
| 3-Bedroom Apartment | $1,100/mo |
| Rent-to-Income Ratio | 42% |
| Median Household Income | $14,000/year |
| Years to Buy (at median income) | 12.5 years |
| Local Currency | LBP |
With a price-to-income ratio of 12.5x, Beirut is one of the most expensive cities for homebuyers. Consider renting or exploring nearby cities for better value. Home prices have decreased 8.5% in the past year.
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