Iranians Buying Up Land in War-Torn Syria

Iran’s government wants its builders to buy up property in Shi-ite majority neighborhoods of Syria’s capital, Damascus.

It is also asking construction workers to go to Syria.

This information comes from construction industry officials in Tehran and Iranian experts.

Iranian analyst Fariborz Saremi said owning real estate gives Iran more control over Syria and other parts of the Middle East.

Rich and conservative Iranian business people with ties to the government are buying expensive homes in Damascus, according to news reports. This is influencing price increases in Syria’s real estate markets.

“Five million houses have been destroyed in the civil war,” said Syrian economist Khorshid Alika told Voice of America. “The increased Iranian demand to buy land and properties has naturally led to more inflation in the market.”

Iran’s interest in Syrian real estate is not new. But it increased after the rebel uprising began in 2011.

Iran is not only asking people to buy homes and property in Syria. The country is also asking construction workers and contractors to take jobs there.

“When we asked about the security, he said that the zone is even more secure than Tehran,” Iranian contractor Amir Maghsoudloo told VOA.

Iranian interests are not limited to Damascus. Iranian business people and companies are looking to invest in projects in the central Syrian city of Homs. The Syrian military and its Lebanese Hezbollah allies recaptured Homs in late 2015.

The Iranian government has supported Syrian President Assad. Recent reports in state-run media say that Iran increased the size of its Revolutionary Guard Corps in Syria.

Full article: Iranians Buying Up Land in War-Torn Syria (The Voice of America)

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