General Assessment

    Variable(2015)
    Data
    Main constraints in the development of the housing finance sector Shortage of affordable housing, prices of homes and rental rates increased significantly in a short period of time
    New developments that will have a major impact on the sector 
    back to top | Country Data:
    Notes: 2010=100
    Notes: 2010=100
    Notes: CDB began operations in 2008
    Notes: CDB began operations in 2008
    Notes: CDB began operations in 2008
    Notes: CDB began operations in 2008
    Notes: CDB began operations in 2008
    Notes: CDB began operations in 2008
    Notes: CDB began operations in 2008
    Notes: CDB began operations in 2008
    Notes: The BSP First Home Ownership Scheme offers a concessional interest rate of 4%
    Notes: The BSP First Home Ownership Scheme offers a concessional interest rate of 4%
    Notes: The BSP First Home Ownership Scheme offers a loan with a repayment term that is much longer than what banks typically allow. It allows for a term of 40 years.
    Notes: The BSP First Home Ownership Scheme offers a loan with a repayment term that is much longer than what banks typically allow. It allows for a term of 40 years.
    Notes: The First Home Ownership Scheme is a partnership initiative between the Papua New Guinea government and BSP
    Notes: There is a stamp duty tax levied on the transfer of real property. The exact rate ranges and can be up to 5%.