Property Prices in Damascus, Syria

Index Info
Price to Income Ratio: 192.87
Mortgage as Percentage of Income: 2,441.71%
Loan Affordability Index: 0.04
Price to Rent Ratio - City Centre: 33.39
Price to Rent Ratio - Outside of Centre: 51.52
Gross Rental Yield (City Centre): 3.00%
Gross Rental Yield (Outside of Centre): 1.94%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 282.72 $ 159.03-500.00
Apartment (1 bedroom) Outside of Centre 182.54 $ 100.00-397.78
Apartment (3 bedrooms) in City Centre 476.27 $ 398.01-700.00
Apartment (3 bedrooms) Outside of Centre 266.42 $ 238.54-350.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 185.80 $ 139.35-232.26
Price per Square Feet to Buy Apartment Outside of Centre 174.42 $ 111.48-295.63
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 50.26 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.33 9.00-16.00

These data are based on 79 entries in the past 18 months from 16 different contributors.
Last update: December 2022

Sources and References
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6 Comments so far
Peter on May 02, 2022:
The prices are very very steep....flaming expensive .. radioactive expensive .... most of my relatives are bank poor, but real estate rich if they manage to find a crazy enough buyer who wants to actually buy their property.... Rent is also totally unjustified ...I pay 1 million per month for a 2 bedroom apartment in Rokn Aldeen in a 48 year old "Tower" !! Anyway...It is what it is .... we are going to deal with it like all of our past and future struggles ...just part of being syrian.
Anonymous on Oct 24, 2021:
I want to buy a seaside apartment with decent size land by Raasalbasit near Latakia. 5000 or 10000 M2. Can someone help me with my need please. Don’t want a property that I he owner is gone and the new owner is occupying the land illegally or have no legal documentation for it. Want to retire there and do light small farming. Thanks
Robina Rafique on Jun 29, 2021:
Hi i am looking to buy a cheap house in damascus
I wish to retire their with my husband
medina on Jun 13, 2021:
I feel so bad but why so expensive i feel so privellaged to actully live in a house specillay that i am rich
Joe on Feb 17, 2020:
No, it is not cheapest, but most expensive countries in terms of housing price to income ratio.

It is much more expensive than many cities or town in terms of price.

When we compare in terms of price income ratio, which is exceed 60 years of local citizen income, the city housing price is even more expensive than the New York, London, Tokyo, and even more expensive than Singapore and Hong Kong.
Anonymous on Jan 17, 2020:
How can the property prices In Syria be so expensive ? Is one of the cheapest countries to live in ?