BEIRUT — Beirut’s real estate market has entered 2026 in an uneven and fragile state, with activity strongly affected by ongoing security tensions in Lebanon and the wider region, according to real estate consultancy Ramco.

However, Ramco noted that some parts of the market are performing better than others. Demand for land and commercial rental spaces has increased in certain neighborhoods, indicating real activity.

This momentum, though, is limited and does not reflect a recovery across the whole city.

Other sectors remain under pressure. Apartment sales remain slow, with few transactions and minimal price movement. High costs, weak purchasing power, and limited access to loans continue to keep many buyers on the sidelines.

The office rental market is also struggling, as many businesses delay expansion plans or opt for smaller and more flexible workspaces.

According to Ramco, Beirut’s real estate market is becoming more divided, with clear differences between districts. Some areas are attracting interest due to their location or commercial appeal, while others see very little activity.

Ramco concluded that a broader recovery will depend largely on improved security conditions and greater political stability. Until then, real estate activity in Beirut is expected to remain selective and uneven.