Real Estate in Syria

The Syrian real estate market has been significantly affected by the ongoing conflict. This guide covers property ownership rules, acquisition taxes, and the current state of the market.

Property Ownership

Both Syrian nationals and foreign investors can own property in Syria, subject to certain restrictions. Foreign ownership is limited in some areas and requires government approval.

Property Acquisition Costs

Transfer Fee

When purchasing property, buyers are required to pay a registration/transfer fee of approximately 2.5% of the property value.

Other Costs

• Notarial fees: Vary
• Legal fees: Typically 1-2% of property value
• Valuation fees: May be required

Annual Property Taxes

Annual municipal property taxes are nominal. The exact amount varies by municipality and property characteristics.

Rental Income

Rental income from property is taxable as ordinary income at progressive PIT rates (0-22%) for individuals or CIT rates for corporations. Landlords may deduct expenses such as maintenance and property management fees.

Current Market Conditions

The real estate market in Syria has been severely impacted by the conflict:

• Property values have declined significantly in many areas
• Construction activity is limited
• Displacement has affected demand patterns
• Legal uncertainties around property titles exist in some areas

Important Note

Investing in Syrian real estate carries significant risks due to the ongoing conflict, economic crisis, and legal uncertainties. Professional advice is strongly recommended.