Writers: Osama Diab, Christina Abou Rouphaël, Abdelhak Kamal, Ahmed Awad
In short, property taxes appear to be an effective solution to many social protection issues in our region. However, given the severe shortfall in funding for social protection programs and social spending, the failure to explore these opportunities so far raises doubts about the willingness to sacrifice the role of the real estate sector as a means of absorbing surplus capital, as a store of value in the face of high inflation for the higher income classes, and as a tool to achieve economic growth amid the decline of industry and agriculture — rather than to provide adequate and affordable housing and secure the universal legal right to housing for the entire population.
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