What about taxes? What about upkeep? What about tenant damages? What about confiscation? Nonpayment? I agree it can be (depending on the jurisdiction) if you do this work on all these (and more) risks, but there is no “buy it and forget it” savings asset quite like bitcoin.

Challenging in Egypt. Most landlords aren’t able to pump their rent up 20% each year to keep up with money supply growth. The overall value of their property and income generally doesn’t do great in international purchasing power terms (eg vs dollars, gold, bitcoin, etc). And there is a lot of excess housing supply. Real estate is popular there because the money is so weak. So there is a lot of empty housing as people would rather hold that than the local currency. Now as a primary residence it can make sense. But for rental properties it is really hot or miss, and highly illiquid.