Housing Finance Policy

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    A. Legal and Regulatory Framework

    A.1 Legal and Regulatory Framework
    VariableEnd of 2014End of 2013End of 2012SourcesVar ID
    Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Mixed system of English common law, French law, and customary lawMixed system of English common law, French law, and customary lawMixed system of English common law, French law, and customary lawA.1.1
    Are there specific laws that deal with mortgages? YesYesYes
    Laws of the Republic of Vanuatu
    		A.1.2
    Registration/Transfer of titles:A.1.3
    Typical number of days needed for the transfer of title58 days118 days118 days
    WDI
    		A.1.3.4
    Is there specialized legislation covering:A.1.9
    B. Housing Finance Subsidies
    B.1 Subsidies to Housing Finance Institutions
    B.2 Subsidies to Households
    VariableEnd of 2014End of 2013End of 2012SourcesVar ID
    Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
    C. Taxation
    VariableEnd of 2014End of 2013End of 2012SourcesVar ID
    What taxes apply to Residential Real Estate?C.1
    back to top | Country Data:
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: Bureau/registry credit scores are not offered as a value-added service to help banks and financial institutions assess the creditworthiness of borrowers
    Notes: Bureau/registry credit scores are not offered as a value-added service to help banks and financial institutions assess the creditworthiness of borrowers
    Notes: National Rate
    Notes: Only about 4,500 people were categorised as being unemployed, resulting in an unemployment rate of 4.6%; 4.1% for males and 5.2% for females. The unemployment rates are 12% and 2% in the urban and rural areas respectively. If subsistence workers were included as part of the unemployed — on the grounds that these people would look for work if they believed cash work was available in their labour market community — the total unemployment level would increase to 46,395 people, or an unemployment rate of 47% (43% for males and 51% for females, and 20% for the urban area and 55% in rural areas). While this assumption would not apply to all individuals in this group, it would likely apply to a proportion of them. Depending on the assumptions a user of these data may wish to use, the resulting unemployment rate would fall somewhere between 4.6% and 47%.