Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe)CivilCivilCivil
CIA World Factbook
A.1.1
Are there specific laws that deal with mortgages? YesYesYes
 
A.1.2
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights?YesYesYes
 
A.1.3.1
 Are property rights easily transferable?YesYesYes
Research
A.1.3.2
Typical number of days needed for the transfer of title51.551.551.5
WDI
A.1.3.4
Are there legal constraints on mortgage features?YesYesYes
IMF
A.1.6
Interest rate capsNoNoNo
IMF
A.1.6.1
Loan-to-Value capNoNoNo
IMF
A.1.6.2
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 2017End of 2016End of 2015SourcesVar ID
Are there subsidies to households on housing finance?YesYesYes
IDB
B.2.1
Interest rate subsidies by special government fundsYesYesYes
World Bank Group
B.2.1.1
Down-payment subsidies YesYesYes
IDB
B.2.1.3
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
What taxes apply to Residential Real Estate?C.1
Tax on property (home-owners) YesYesYes
Global Property Guide
C.1.1
Property transaction taxes (purchase/selling)YesYesYesC.1.2
Tax on capital gains on property YesNoNoC.1.5
OtherYesYesYes
Global Property Guide
C.1.6
Are there tax benefits on rental properties?YesYesYes
Global Property Guide
C.2
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Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996.
Notes: A credit bureau was introduced in Argentina in May of 1996. 
Notes: A credit bureau was introduced in Argentina in May of 1996.  
Notes: Argentine residents are exempt from capital gains tax.
Notes: Argentine residents are exempt from capital gains tax.
Notes: Argentine residents are exempt from capital gains tax.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate.
Notes: Argentinian banks practice self-regulation and each bank may have its own interest rate. 
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%.
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%. 
Notes: Argentinian banks practice self-regulation and each bank may have their own LTV cap, generally between 70-80%. 
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country.
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country. 
Notes: Banco de la Nacion Argentina was established in 1891. It is a wholly-owned state bank and is the largest in the country. 
Notes: Banks dominate the micro-finance industry in Argentina.
Notes: Banks dominate the micro-finance industry in Argentina.
Notes: Banks dominate the micro-finance industry in Argentina. 
Notes: Banks dominate the micro-finance industry in Argentina. 
Notes: Comisión Nacional de Valores supervises the conduct of business and prudential matters
Notes: Comisión Nacional de Valores supervises the conduct of business and prudential matters
Notes: Comisión Nacional de Valores supervises the conduct of business and prudential matters
Notes: Comisión Nacional de Valores supervises the conduct of business and prudential matters
Notes: Comisión Nacional de Valores supervises the conduct of business and prudential matters
Notes: Comisión Nacional de Valores supervises the conduct of business and prudential matters 
Notes: Comisión Nacional de Valores supervises the conduct of business and prudential matters  
Notes: Comisión Nacional de Valores supervises the conduct of business and prudential matters  
Notes: Depreciation is deductible, as well as expenses such as taxes, realtors' commissions, etc.
Notes: Depreciation is deductible, as well as expenses such as taxes, realtors' commissions, etc. 
Notes: Depreciation is deductible, as well as expenses such as taxes, realtors' commissions, etc.  
Notes: Government - public housing programs
Notes: Government - public housing programs
Notes: Housing deficit estimated to affect 6 million out of 24 million households
Notes: Monthly installments to income ratio usually "not above 30 percent"
Notes: On December 27, the Senate approved tax reform that introduced a capital gains tax of 15%
Notes: PRO.CREAR provided mortgage loans for low and middle-income families with subsidized interest rates. This program was phased out and replaced with a program that provides a lump-sum subsidy in 2016.
Notes: PRO.CREAR provided mortgage loans for low and middle-income families with subsidized interest rates. This program was phased out and replaced with a program that provides a lump-sum subsidy in 2016.
Notes: PRO.CREAR provided mortgage loans for low and middle-income families with subsidized interest rates. This program was phased out and replaced with a program that provides a lump-sum subsidy in 2016.
Notes: PRO.CREAR provided mortgage loans for low and middle-income families with subsidized interest rates. This program was phased out and replaced with a program that provides a lump-sum subsidy in 2016.
Notes: PRO.CREAR provided mortgage loans for low and middle-income families with subsidized interest rates. This program was phased out and replaced with a program that provides a lump-sum subsidy in 2016. 
Notes: PRO.CREAR provided mortgage loans for low and middle-income families with subsidized interest rates. This program was phased out and replaced with a program that provides a lump-sum subsidy in 2016. 
Notes: Real property tax is levied on the urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depend on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.  
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.  
Notes: Real property tax is levied on urban and rural land. The rate depends on the jurisdiction and is applied on the value of the property.
Notes: Regulated Deposit-taking Institutions (DTIs) in all member jurisidictions are subject o the supervision of prudential regulators. In some jurisdictions, DTIs are concurrently regulated by separate conduct regulators.
Notes: Rental income is subject to a flat tax of 24.5% The taxable portion of rental income is 60%. Therefore, leading to an effective rate of 14.7%.
Notes: Rental income is subject to a flat tax of 24.5% The taxable portion of rental income is 60%. Therefore, leading to an effective rate of 14.7%. 
Notes: Rental income is subject to a flat tax of 24.5% The taxable portion of rental income is 60%. Therefore, leading to an effective rate of 14.7%.  
Notes: roughly 4% of mortgage market is secondary
Notes: Significant increase in mortgages due to introduction of UVA
Notes: Significant increase in mortgages due to introduction of UVA
Notes: Stamp tax ranges from 2.5% to 4% for real estate
Notes: There is a stamp duty tax of 3.6% that is split by buyer and seller of the property.
Notes: There is a stamp duty tax of 3.6% that is split by buyer and seller of the property.
Notes: There is a stamp duty tax of 3.6% that is split by buyer and seller of the property.