Market in Depth

Syria: Overview

Oct 01, 2007

Syria (pop. 19,666,000; GDP/cap US$1,339) has been ruled by the Assad regime since former Minister of Defense Hafez al-Assad seized power in a 1970 military coup.

When he died in 2000, his son Bashar succeeded. Upon his accession to power, Bashar freed hundreds of political prisoners. Syria underwent a degree of relaxation. Political debate was tolerated and open calls for freedom of expression and political pluralism were made. Syrian troops - stationed in Lebanon since 1976 in an ostensible peacekeeping role - were withdrawn in April of 2005.

Foreigners may own land in Syria. But Syria is still considered by the US as a principal sponsor of terrorism, which does not however render land ownership in Syria illegal in US eyes. Syria is also still under a state of emergency, which has been in force since March 1963.

Analysis of Syria Residential Property Market »