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: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: Capital gains earned from the sale of property is considered to be business income and is subject to income tax.
Notes: Creditinfo Jamaica started operations on July 1, 2013.
Notes: Creditinfo Jamaica started operations on July 1, 2013.
Notes: Creditinfo Jamaica started operations on July 1, 2013.
Notes: Expenses such as property taxes, repairs, maintenance, property depreciation, etc are deductible from the taxable income.
Notes: Government - The National Housing trust provided 82% of mortgage loans in 2010.
Notes: Interest rate subsidies provided by the NHT for disabled, elderly, public sector employees, and those with low income. The interest rates range from 0-6% dependent on income at the time of application as well as the category that the individual falls under; disabled, elderly, public sector employee, or other contributor. All individuals with an income of less than JMD12,000 qualify for a mortgage loan with a 0% interest rate.
Notes: Interest rate subsidies provided by the NHT for disabled, elderly, public sector employees, and those with low income. The interest rates range from 0-6% dependent on income at the time of application as well as the category that the individual falls under; disabled, elderly, public sector employee, or other contributor. All individuals with an income of less than JMD12,000 qualify for a mortgage loan with a 0% interest rate.
Notes: Interest rate subsidies provided by the NHT for disabled, elderly, public sector employees, and those with low income. The interest rates range from 0-6% dependent on income at the time of application as well as the category that the individual falls under; disabled, elderly, public sector employee, or other contributor. All individuals with an income of less than JMD12,000 qualify for a mortgage loan with a 0% interest rate.
Notes: Interest rate subsidies provided by the NHT for disabled, elderly, public sector employees, and those with low income. The interest rates range from 0-6% dependent on income at the time of application as well as the category that the individual falls under; disabled, elderly, public sector employee, or other contributor. All individuals with an income of less than JMD12,000 qualify for a mortgage loan with a 0% interest rate.
Notes: Interest rate subsidies provided by the NHT for disabled, elderly, public sector employees, and those with low income. The interest rates range from 0-6% dependent on income at the time of application as well as the category that the individual falls under; disabled, elderly, public sector employee, or other contributor. All individuals with an income of less than JMD12,000 qualify for a mortgage loan with a 0% interest rate.
Notes: National Percentage
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Net Domestic Credit
Notes: Property taxes are levied on the property's market value. The rate varies according to the value. For a property valued up to JMD300,000, there is a a flat rate of JMD1,000. For a property valued above JMD300,000, the rate is 0.75%. There are also potential parchial property taxes depending on the jurisdiction of parchial or local governments. The rates vary, depending on the rulings of the local governments.
Notes: Rental income is subject to a 25% withholding tax.
Notes: Stamp duty tax is levied at a rate of 4% on transfers of real property.
Notes: The National Housing Trust is a provident fund in which workers contribute and in return receive subsidized mortgages.
Notes: The National Housing Trust is a provident fund in which workers contribute and in return receive subsidized mortgages.
Notes: The National Housing Trust is a provident fund in which workers contribute and in return receive subsidized mortgages.
Notes: The National Housing Trust is a provident fund in which workers contribute and in return receive subsidized mortgages.
Notes: The National Housing Trust is a provident fund in which workers contribute and in return receive subsidized mortgages.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: The National Housing Trust was established in 1976 through an amendment to the National Insurance Act.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.
Notes: While there is a framework for consumer protection, there are still many gaps in the financial industry.