Cash-Only Reset — Achrafieh Apartment at a Beirut Crisis Discount

A furnished 140 m² Achrafieh apartment listed for $350,000 captures the Beirut trade in one line: prime neighborhood demand is still there, but the banking collapse and post-explosion reset pushed high-quality stock materially below 2019 levels. Using a mid-cycle pre-crisis value of about $625,000, this is roughly a 44% markdown for a district that remained inside the 2020 port blast radius and still clears in cash because local trust in the banks is broken.