وكالة قاسيون للأنباء
  • الأحد, 27 يوليو - 2025

The regime’s central bank issues a decision on a number of amendments about real estate sales

The regime’s central bank issues a decision on a number of amendments about real estate sales

The Central Bank of the regime issued a decision related to opening accounts in real estate and vehicle sales, requiring operating banks to receive the application from the buyer of the property or vehicle or his legal representative.

And based on the bank’s decision, “operating banks are also obligated to implement the transfer order through (SYGS) system for transfers made between banks or through the banking system in case the accounts to be transferred between them are within the same bank”.

According to the decision: "In the event that there is an error in the data of the banking process related to the seller, the amendment in the seller's name should not be a fundamental amendment upon correction, and the estimation of this aspect shall be returned to the bank upon implementation."

He continued: "If the error is in all the data provided in the transfer request from the seller to the buyer, then the amount to be transferred will be reserved in a temporary intermediary account in the form of a deposit without interest for a full year, provided that the amount is returned to the buyer's account at the end of the period."

The Central Bank of Syria announced, in a previous decision, the "re-determination of the commissions imposed on operations related to bank accounts for the sale of real estate and vehicles."