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Precios de bienes raíces comerciales en Damasco en subida.


Doron Peskin
Published:  02.05.09, 10:51 / Ynet

 

Los precios de bienes raíces comerciales están  en aumento en la capital Siria. Damasco se encuentra en la lista de las 10 principales ciudades más caras en términos de bienes raíces. Experto sirio explica el fenómeno por la falta de planificación urbana lo cual ha llevado a la escasez en diferentes zonas.


La empresa americana de consultoría Cushman & Wakefield publicó un estudio que ubica la capital Siria en el octavo lugar en el mundo en términos del costo de bienes raíces comerciales.
 
El estudio examinó más de 200 ciudades en 57 países de todo el mundo, y descubrió que Hong Kong era la más cara con un precio de unos $ 2.276 por metro cuadrado.
 
Durante el año de 2008, los precios de bienes raíces comerciales en la capital Siria aumentaron en un 14 %.
Para la adquisición de una  oficina en Damasco, uno debe pagar un promedio de 1.274 dólares por metro cuadrado, dos veces y medio el precio  pagado en la capital libanesa  Beirut, donde la gente paga por una oficina un promedio de $ 520 por metro cuadrado.

 

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Damascus office prices skyrocketing
Commercial real estate prices in Syrian capital increasing, putting Damascus on list of top 10 expensive cities in terms of commercial realty. Syrian expert explains lack of organized urban planning led to shortage in areas, projects
Doron Peskin
Published:  05.02.09, 10:51 / Ynet


Commercial real estate prices in Damascus are skyrocketing, putting the city on the list of the most expensive cities in the world in terms of commercial realty, not far from capitals like Paris, London and Moscow.
 
Only recently, American consultancy company Cushman & Wakefield released a study showing the Syrian capital was in the eighth place in the world in terms of the cost of commercial real estate.
 
The study examined more than 200 cities in 57 countries worldwide, and discovered that Hong Kong was the most expensive with a price of some $2,276 per square meter.
 
During the year of 2008, the commercial real estate prices in the Syrian capital rose by some 14%. For a square meter in an office in Damascus one must pay an average of $1,274, two and a half times the price in the Lebanese capital of Beirut, where people pay for an office an average of $520 per square meter.
 
Prices in some areas tripled
In an interview with the Syria Today magazine, Syrian real estate expert Nabil Marzouk tried to explain the sharp rise in real estate prices in Damascus. According to Marzouk, the problem stems first and foremost from the lack of organized urban planning.
 
The failed planning of the city, he said, has led to a shortage in commercial real estate areas. There are currently almost no office building projects in Damascus.
 
According to Marzouk, the past two years saw an increase in investments by companies from the Gulf states operating in the Syrian real estate market. The demand for real estate rose, while the supply remained limited, sending the prices up in a significant manner.
 
Arab companies which have entered the Syrian market since 2006 did not find it difficult to pay a lot of money for real estate properties, causing the prices to triple in some areas.
 
Marzouk added that the real estate price hike has begun to trickle in the past few months from Damascus to other Syrian districts. According to the Syrian expert, the real estate prices in the capital do not decline like in other cities as a result of the global crisis, due to their individual ownership.
 
According to Marzok, in other places in the Arab world companies usually own the property and are therefore affected by the global financial crisis. "In Syria, the ownership over real estate belongs to individuals and they are not interested in the financial crisis, which does not influence them," Marzouk told the paper.
 
Doron Peskin is head of research for Info-Prod Research (Middle East) Ltd

 

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