The real estate sector in Lebanon has historically been given a significant protection as one of the few productive and successful sectors in the national economy, knowing that property taxes are low and real estate speculation is widespread. In this context, the authorities have adopted policies and interventions which facilitate land trading by reducing taxes in all forms. To confront this reality and prioritize the social value of land in Lebanon, it has become necessary to establish a fair system for land taxation.
In this session, speakers discussed potential strategies for promoting public and community interest by adopting innovative forms of property taxation systems. The session focused on the possibility of limiting speculation practices by imposing strict taxes on vacant apartments and empty lands, which also reduces vacancy rate and controls the rise in land prices. The role of municipalities in this regard was also addressed.