Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe) Civil 
Leroy et. al
A.1.1
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights? No 
Leroy et. al
A.1.3.1
Identify barriers to the registration/ transfer of property title. Predominance of customary law and informal land transactions 
Leroy et. al
A.1.3.3
Typical number of days needed for the transfer of title303030
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 2018End of 2017End of 2016SourcesVar ID
Are there subsidized funding sources for mortgage lenders? Yes 
Ministry of Economy and Finance
B.1.1
Special government lines of credit  No 
Editor
B.1.1.1
Government supported liquidity facility No 
Editor
B.1.1.2
Labor or other tax funds for mortgage lending No 
Editor
B.1.1.3
Tax breaks on mortgage bonds or RMBS No 
Editor
B.1.1.4
Loss and/or cash flow guarantees for RMBS No 
Editor
B.1.1.5
Is the lending side of the housing finance system subsidized? Yes 
Editor
B.1.2
Shared credit risk through public/private mortgage insurance  No 
Editor
B.1.2.1
Guarantees for mortgage loans Yes 
Editor
B.1.2.2
Other No 
Editor
B.1.2.3
B.2 Subsidies to Households
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Are there subsidies to households on housing finance? Yes 
Editor
B.2.1
Interest rate subsidies by special government funds Yes 
IvoireAbidjan.com
B.2.1.1
Buy-down of monthly/interest payments No 
Editor
B.2.1.2
Down-payment subsidies  No 
Editor
B.2.1.3
Subsidies to savings for mortgage loans No 
Editor
B.2.1.4
Mortgage interest deductibility from income tax No 
Editor
B.2.1.5
Other No 
Editor
B.2.1.6
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
What taxes apply to Residential Real Estate?C.1
Tax on property (home-owners)  Yes 
Direction Generale des Imots
C.1.1
Property transaction taxes (purchase/selling) No 
Editor
C.1.2
Mortgage transaction taxes No 
Editor
C.1.3
Tax on mortgage interest pmts No 
Editor
C.1.4
Tax on capital gains on property  Yes 
Direction Generale des Imots
C.1.5
Other Yes 
Direction Generale des Imots
C.1.6
Are there tax benefits on rental properties? No 
Editor
C.2
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Notes: 2% of the rental value of the building
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 100
Notes: 2009 = 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: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 4% of the rental value if main or secondary residence and 11% if rented.
Notes: 4% of the rental value of income-producing properties (Art. 156 du CGI).
Notes: Actual range of 0.75-1.5%
Notes: CDMH
Notes: Estimate
Notes: FSH
Notes: FSH
Notes: The sector includes cooperatives such as UNACCOPEC and RCMEC. New institutions, such as Advans and Microcred have recently entered the market. They are supported by international donors with the objective to develop credit for SMEs.