Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe)CivilCivilCivilA.1.1
Are there specific laws that deal with mortgages?  YesYesA.1.2
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights? YesYesA.1.3.1
Typical number of days needed for the transfer of title575757
Doing Business
A.1.3.4
Is there specialized legislation covering:A.1.9
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidized funding sources for mortgage lenders? YesYesB.1.1
Is the lending side of the housing finance system subsidized? NoNoB.1.2
B.2 Subsidies to Households
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidies to households on housing finance? YesYesB.2.1
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What taxes apply to Residential Real Estate?C.1
Tax on property (home-owners)  YesYes
Library of Congress - Office of National Assembly, TabIndex=1
C.1.1
Property transaction taxes (purchase/selling) YesYesC.1.2
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