Economic Research | Lebanon This Week | Lebanon This Week 640 | Lebanon ranks 87th globally, 12th among Arab countries in transparency of real estate sector | Lebanon | Byblos Bank

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Lebanon This Week 640

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Lebanon ranks 87th globally, 12th among Arab countries in transparency of real estate sector

Jones Lang LaSalle's Global Real Estate Transparency Index for 2020 ranked Lebanon in 87th place among 99 countries and markets worldwide and in 12th place among 15 Arab countries and markets included in the survey. Lebanon also came in 22nd place among 26 upper middle-income economies (UMICs). Based on the same set of countries and markets included in the 2018 and 2020 surveys, Lebanon's global rank regressed from 80th place in 2018 to 86th place in 2020, while its regional rank retreated from 10th place to 12th place in the 2020 survey. 

Globally, Lebanon's real estate market is more transparent than markets in Honduras, Mozambique and Uganda, and is less transparent than markets in Belarus, Angola and Tunisia. It also ranks ahead of only Guatemala, the Dominican Republic, Iraq and Libya among UMICs. Lebanon received a score of 4.38 points in the 2020 survey compared to 4.18 points in the 2018 study, 4.06 points in the 2016 survey, 3.9 points in the 2014 study and 3.75 points in the 2012 survey, reflecting a deterioration in the transparency level of the Lebanese real estate market. Also, Lebanon's score lagged the global average score of 3.2 points, the UMICs' average of 3.51 points and the Arab average of 3.9 points.

Further, the Lebanese real estate market came in the "Opaque" category in the 2020 survey, along with 18 other countries in the world that include Algeria, Ethiopia, the Ivory Coast, Libya, Senegal and Tanzania. The survey downgraded the Lebanese real estate market from the "Semi-Transparent" category in 2012 to the "Low-Transparency" category in 2014 and to the "Opaque" category in 2016.
 
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