Syrian Real Estate: Rising Prices and Falling Buying Power

The real estate market in Syria has experienced noticeable increases in prices in recent years, along with a decline in citizens' purchasing power, which widens the gap between income and ownership costs. Property prices in Damascus, including upscale areas and suburbs, have reached high levels compared to the average income. Factors such as inflation and construction costs influence the real estate market. Despite the ongoing rise in prices, there are efforts to develop real estate financing and implement new projects aimed at expanding supply and reducing reliance on demand driven by foreign liquidity.

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