Abolishing the Vacancy Exemption in the 2027 Draft Budget:
A First Step Towards Curbing Speculation
The 2027 Draft Budget proposes abolishing the Built Property Tax exemption for vacant apartments, which could help curb vacancy and speculation. However, given Lebanon’s high vacancy rates, a separate progressive vacancy tax is also needed to further discourage prolonged vacancy, increase the availability of housing, and address the ongoing housing crisis and displacement caused by the Israeli war.









