Country SY Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

No data

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

No data

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

No data

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$38

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Country SY Cost of Living trends and investment implications

Market Overview

The Syrian real estate market presents complex investment opportunities with significant risks. Property prices have shown resilience in certain urban areas despite economic challenges, but overall growth remains unstable. Investors should be cautious, focusing on areas with demand driven by population shifts and limited housing supply.

Key Findings

Data-driven insights

•Property prices in urban areas like Damascus have appreciated moderately, outpacing GDP growth, which averaged -4.3% annually due to ongoing conflict.
•Rental yields in city centers have reached up to 8%, but high local interest rates and limited financing options challenge cash flow sustainability.
•Population displacement due to conflict has led to increased demand in certain regions, straining housing supply despite overall population decline.
•Quality of life remains low compared to property prices, with value propositions better suited for speculative investment rather than long-term residency.

Market Trends

Historical patterns

•The ongoing conflict and political instability significantly impact economic and property market stability.
•Migration and internal displacement have created localized demand spikes in relatively safer areas.
•Regulatory changes and reconstruction efforts are gradually opening up opportunities for foreign investment, albeit with substantial legal and operational barriers.

For Investors

Actionable takeaways

•Focus on properties in urban centers with potential for high rental yields due to limited supply.
•Be wary of high political risk; avoid long-term commitments until stability improves.
•Consider small to medium-sized apartments for rental income; luxury properties face limited demand.
•Monitor geopolitical developments closely; consider entering post-conflict as stability improves.

Market Context

Compared to other conflict-affected countries, Syria's real estate market is highly volatile and risk-laden, yet it presents unique opportunities for high-risk, high-reward investors. The market is less developed than neighboring Lebanon and Jordan, where political stability offers more consistent returns.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.