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: 40% DSTI ratio cap by Central Bank of Kuwait
    Notes: A portion of housing loans are given by Islamic banks, which differ from conventional banks in that they follow strictly Islamic law. Islamic finance consists of financial transactions from banks and non-bank financial institutions and non-formal financial institutions based on solidarity, unity, and harmony. Kuwait has seen in last couple years a few of their conventional banks make the transition to Islamic banks in order to offer housing loans to satisfy demand for housing credit.
    Notes: Apart from LTV limitations, DSTI ratio caps, and term length requirements, there are also separate laws that look to limit "flipping" of properties in a speculative manner--done through a prohibition of mortgaging outside of primary residences.
    Notes: Apart from LTV limitations, DSTI ratio caps, and term length requirements, there are also separate laws that look to limit "flipping" of properties in a speculative manner--done through a prohibition of mortgaging outside of primary residences.
    Notes: Apart from LTV limitations, DSTI ratio caps, and term length requirements, there are also separate laws that look to limit "flipping" of properties in a speculative manner--done through a prohibition of mortgaging outside of primary residences.
    Notes: Apart from LTV limitations, DSTI ratio caps, and term length requirements, there are also separate laws that look to limit "flipping" of properties in a speculative manner--done through a prohibition of mortgaging outside of primary residences.
    Notes: Apart from LTV limitations, DSTI ratio caps, and term length requirements, there are also separate laws that look to limit "flipping" of properties in a speculative manner--done through a prohibition of mortgaging outside of primary residences.
    Notes: Apart from LTV limitations, DSTI ratio caps, and term length requirements, there are also separate laws that look to limit "flipping" of properties in a speculative manner--done through a prohibition of mortgaging outside of primary residences.
    Notes: Apart from LTV limitations, DSTI ratio caps, and term length requirements, there are also separate laws that look to limit "flipping" of properties in a speculative manner--done through a prohibition of mortgaging outside of primary residences.
    Notes: Apart from LTV limitations, DSTI ratio caps, and term length requirements, there are also separate laws that look to limit "flipping" of properties in a speculative manner--done through a prohibition of mortgaging outside of primary residences.
    Notes: Ceiling on loans of KD 70,000 and max tenor of 15 years by Central Bank of Kuwait.
    Notes: Ceiling on loans of KD 70,000 and max tenor of 15 years by Central Bank of Kuwait.
    Notes: Central Bank of Kuwait limits LTV of 50 for undeveloped land, 60 for purchase of existing property, and 70 percent to housing construction in residential areas.
    Notes: Central Bank of Kuwait limits LTV of 50 for undeveloped land, 60 for purchase of existing property, and 70 percent to housing construction in residential areas.
    Notes: Central Bank of Kuwait limits LTV of 50 for undeveloped land, 60 for purchase of existing property, and 70 percent to housing construction in residential areas.
    Notes: Financial Stability Report 2015 page 51
    Notes: Financial Stability Report 2015 page 51
    Notes: Kuwait credit bank
    Notes: Kuwait Credit Bank, which offers the majority of housing loans to citizens, offers interest-free mortgage loans.
    Notes: Kuwait Credit Bank, which offers the majority of housing loans to citizens, offers interest-free mortgage loans.
    Notes: Page 27 - Central Bank of Kuwait limits LTV of 50 for undeveloped land, 60 for purchase of existing property, and 70 percent to housing construction in residential areas
    Notes: Page 53 - Kuwait Savings and Credit Bank is now known as Kuwait Credit Bank and disperses housing loans, among others, to Kuwait's citizens.