Exempting real estate buyers from the obligation to deposit 50 percent of the property price in a bank account is a step aimed at facilitating procedures, provided that it is handled with awareness and caution.

As a result of the exemption: The buyer under the fulfilled conditions can refrain from depositing half the value of the property in the bank account as was previously required; however, waiving the bank deposit may expose the parties to potential risks unless the transaction is documented in a clear and secure manner.

We call for maintaining the bank deposit despite the exemption, as it is considered an official document proving the payment of the amount, reducing the risks of theft or loss of funds, enhancing the position of both the buyer and the seller in case of any legal dispute, verifying the identity of the recipient, and preventing any ambiguity regarding the receipt of the amount.

We emphasize that the freedom to withdraw from the bank account is legally protected, according to the instructions of the Central Bank of Syria regarding deposits after May 7, 2025. The deposit does not restrict the buyer's freedom to manage their funds, but rather serves as a means to protect rights and ensure the integrity of real estate transactions, in addition to the importance of procedural flexibility, provided that it is balanced with factors of security and legal stability.

Completing real estate transactions through official channels remains the safest and most sustainable option, which is followed by all developed countries, and we must move forward to complete what is necessary to restore trust in our banking sector instead of reverting to the era of cash payments and bearing the risks of transferring funds.

Completing real estate transactions using bank accounts is subject to the freedom of withdrawal at any time the buyer or seller wishes to withdraw the funds.

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