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Damascus Merchants Sell Properties Amid Economic Crisis

Tough economic conditions, recent fires and offers from Iranian parties are pushing merchants to sell their shops in the capital's markets writes Zaman Al-Wasl.
Damascus Merchants Sell Properties Amid Economic Crisis

One of the most famous merchants in Hareeqa Bazzar in Damascus, has put up half of his 20 shops for sale.

According to Zaman Al-Wasl’s source, many of the merchants are selling their shops in the area, which during the height of the war, were valued at 100-300 million Syrian pounds.

The recession and economic sanctions imposed on the country played a central role in the decision of most merchants, which was also influenced by the security issues and attractive buying offers from Iranian-sponsored parties.

Major markets in the capital have suffered a series of fires, said to be caused by a short circuit, the latest of which occurred in al-Buzuriyah Bazzar, one of the most famous and historic markets in Damascus.


This article was edited by The Syrian Observer. The Syrian Observer has not verified the content of this story. Responsibility for the information and views set out in this article lies entirely with the author.

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