A. Legal and Regulatory Framework
A.1 Legal and Regulatory Framework
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Basis of the legal system: Civil, Common, Islamic, Other? (Describe) | Mixed legal system of civil law based on the French civil code, Ottoman legal tradition, and religious laws covering personal status, marriage, divorce, and other family relations of the Jewish, Islamic, and Christian communities | Mixed legal system of civil law based on the French civil code, Ottoman legal tradition, and religious laws covering personal status, marriage, divorce, and other family relations of the Jewish, Islamic, and Christian communities | Mixed legal system of civil law based on the French civil code, Ottoman legal tradition, and religious laws covering personal status, marriage, divorce, and other family relations of the Jewish, Islamic, and Christian communities | A.1.1 | |
| Registration/Transfer of titles: | A.1.3 | ||||
| Does the law clearly define different types of property rights? | Yes | Yes | Yes | Housing Finance in MENA - Paper by Olivier Hassler - http://www.hofinet.org/documents/doc.aspx?id=1007 | A.1.3.1 |
| Typical number of days needed for the transfer of title | 34 | 25 | 25 | WDI | A.1.3.4 |
| Are there legal constraints on mortgage features? | Yes | Yes | Yes | World Bank Paper on MENA - Olivier Hassler | A.1.6 |
| Loan-to-Value cap | Yes | Yes | Yes | World Bank Paper on MENA - Olivier Hassler | 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
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Are there subsidies to households on housing finance? | Yes | Yes | Yes | B.2.1 | |
| Interest rate subsidies by special government funds | Yes | Yes | Yes | B.2.1.1 | |
| Buy-down of monthly/interest payments | Yes | Yes | Yes | B.2.1.2 | |
| Reach of subsidies in 2.1.1 to 2.1.4 ? | B.2.2 | ||||
C. Taxation
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| What taxes apply to Residential Real Estate? | C.1 | ||||
| Tax on capital gains on property | No | C.1.5 | |||