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.






Beirut, the Confiscated City:
From Privatizing the Waterfront to Expelling the Displaced
This commentary examines Decree No. 5665/1994, which transferred approximately 291,800 square meters of reclaimed public maritime land in central Beirut to Solidere as part of the post-war reconstruction process. It revisits the decree in light of the ongoing governmental debate over extending the company’s mandate and the eviction of displaced families from the BIEL waterfront, questioning its impacts on public property, Beirut’s waterfront, and the right to the city.