A. Legal and Regulatory Framework
A.1 Legal and Regulatory Framework
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Basis of the legal system: Civil, Common, Islamic, Other? (Describe) | Civil | Civil | Civil | CIA World Factbook | A.1.1 |
| Are there specific laws that deal with mortgages? | Yes | Yes | Yes | International Federation of Surveyors | A.1.2 |
| Registration/Transfer of titles: | A.1.3 | ||||
| Does the law clearly define different types of property rights? | No | Finmark Trust | A.1.3.1 | ||
| Are property rights easily transferable? | No | Finmark Trust | A.1.3.2 | ||
| Identify barriers to the registration/ transfer of property title. | Government is sole owner of property | Government is sole owner of property | Government is sole owner of property | Finmark Trust | A.1.3.3 |
| Typical number of days needed for the transfer of title | 52 | 41 | 41 | 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
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Reach of subsidies in 2.1.1 to 2.1.4 ? | B.2.2 | ||||
C. Taxation
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| What taxes apply to Residential Real Estate? | C.1 | ||||
| Tax on property (home-owners) | Yes | Ernst and Young | C.1.1 | ||
| Property transaction taxes (purchase/selling) | Yes | KPMG | C.1.2 | ||
| Tax on capital gains on property | Yes | Ernst and Young | C.1.5 | ||
| Are there tax benefits on rental properties? | Yes | Ernst and Young | C.2 | ||
| Describe tax benefits (if any) from C.1.2 | Lower Marginal Tax Rates on Rental Income | Yes | C.2.1 | ||