General Assessment

    Variable(2015)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
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    Notes: BAC Nicaragua offers fixed interest loans at a rate of 9.5% up to 15 years.
    Notes: BAC Nicaragua offers fixed interest loans at a rate of 9.5% up to 15 years.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: Exemption of VAT on the purchase of building materials.
    Notes: FOSOVI (Fondo Social de Vivienda) provides subsidies to support housing loans to lower income families although the subsidies remain small accounting for only $4 million annually.
    Notes: IADB "approved a $10M loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing."
    Notes: IADB "approved a $10M loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing."
    Notes: IADB "approved a $10M loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing."
    Notes: IADB "approved a $10M loan to Banco de Finanzas S.A. (BDF), a leading commercial bank in Nicaragua, to finance a pilot housing project that will pave the way for low-income families working in the informal sector to get access to mortgage financing."
    Notes: Lenders who provide the preferential interest rate subsidy for mortgages will be granted a tax credit equivalent to subsidy.
    Notes: Lenders who provide the preferential interest rate subsidy for mortgages will be granted a tax credit equivalent to subsidy.
    Notes: National Percentage. This number includes only owners with deeds, if owners without deeds in the informal housing market are included the owner-occupied rate rises to 84.42%
    Notes: One-time grant of $1500 USD.
    Notes: One-time grant of $1500 USD.
    Notes: One-time grant of $1500 USD.
    Notes: Preferential interest rate subsidy of up to 3.5% on the interest rate for up to 10 years on a mortgage loan that does not exceed $32,000.
    Notes: Preferential interest rate subsidy of up to 3.5% on the interest rate for up to 10 years on a mortgage loan that does not exceed $32,000.
    Notes: Tabla VII-6