95 Days
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شبكة شام الإخبارية
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Syria Real Estate Faces Price Rise and Affordability Drop
The real estate market in Syria, especially in Damascus, is experiencing notable price increases despite the declining purchasing power of residents. This widening gap between income and housing costs contributes to the ongoing challenge of affordability. Property prices have risen significantly across various areas, with the price per square meter reaching thousands of dollars in some upscale neighborhoods, and luxury properties selling for millions of dollars. Nevertheless, demand for real estate continues despite the economic slowdown. The sector is working to improve the housing financing market and expand housing projects in order to address these challenges, increase supply, and facilitate homeownership for citizens.
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