Broumana is one of the most sought-after residential and tourist areas in Mount Lebanon, renowned for its mild climate, stunning mountain views, and proximity to Beirut. This makes the area attractive for buying apartments for permanent residence, investment, or summer vacations, leading to property price variations based on location, size, age, and views.
The latest real estate listings show that apartment prices in Broumana start at approximately $145,000 for smaller units, while larger or luxury apartments can exceed $450,000, reaching higher prices for properties with unique locations and panoramic views.
Average Apartment Prices in Broumana
Average prices by size:
Prices vary according to the size and type of the apartment. Units ranging from 100 to 130 m² start from $145,000 to $200,000. Apartments sized 150 to 170 m² fall between $200,000 and $250,000. Larger units between 180 and 225 m² typically cost between $300,000 and $430,000. Apartments over 230 m² range from $350,000 to $500,000 or more. Luxury duplexes start at $450,000 and may exceed $750,000 depending on location and features.
Factors Influencing Apartment Prices
Prices in Broumana depend on factors such as:
- Location within Broumana.
- Views of mountains or sea.
- Apartment size.
- Age of the building.
- Quality of finishes.
- Availability of parking and storage.
- Private terraces or gardens.
- Availability of heating and air conditioning.
- Proximity to services and facilities.
Apartment Prices by Type
Economical Apartments
Suitable for buyers on a budget, starting from around $145,000 to $200,000 for smaller or newer units in some surrounding areas.
Mid-range Apartments
Typically priced between $200,000 and $350,000, generally including three bedrooms with parking and good views.
Luxury Apartments
Starting at $400,000 and reaching over $850,000 based on location, views, finishes, and amenities.
Why Many Prefer Buying in Broumana?
Broumana's appeal stems from:
- Mild summer climate.
- Proximity to Beirut.
- Mountain and sea views.
- Availability of schools, hospitals, and restaurants.
- High seasonal rental demand.
- Quiet, family-friendly environment.
Is Broumana Suitable for Real Estate Investment?
Yes, Broumana retains its real estate allure due to consistent demand from residents and expatriates, along with its vibrant summer tourism. Thus, it is a commendable choice for long-term investments or seasonal rentals.
Tips Before Buying an Apartment in Broumana
- Compare multiple listings before deciding.
- Check the property's legal documents.
- Inspect building condition and amenities.
- Inquire about shared maintenance fees.
- Ensure availability of parking.
- Ask about payment methods and terms.
- Consult a real estate expert if needed.
In conclusion, apartment prices in Broumana vary by location, size, and finish level, yet remain one of the most in-demand real estate areas in Mount Lebanon. With diverse options available, buyers can find suitable apartments for various budgets, whether for residential or investment purposes, benefiting from the area's natural and service features.
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