General Assessment

Variable(2015)
Data
Main constraints in the development of the housing finance sector  
New developments that will have a major impact on the sector 
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Notes: "There are also credit-subsidy options with a savings component, based on household income level."
Notes: "There are also credit-subsidy options with a savings component, based on household income level."
Notes: "There are also credit-subsidy options with a savings component, based on household income level."
Notes: "There are also credit-subsidy options with a savings component, based on household income level."
Notes: "There are also credit-subsidy options with a savings component, based on household income level."
Notes: "There are also credit-subsidy options with a savings component, based on household income level."
Notes: "There are also credit-subsidy options with a savings component, based on household income level."
Notes: $2,148.1M from Banks, and $844.6M from FSV.
Notes: $2,180.5M from Banks, and $855.0M from FSV.
Notes: $2,338.0M from Banks, $851.0M from FSV, and $12.6M from Cooperative Banks and Savings and Credit Societies.
Notes: $2,391.0M from Banks, $908.5M from FSV, and $9.6M from Cooperative Banks and Savings and Credit Societies.
Notes: $2265.6M from Banks, $845.5M from FSV, and $11.4M from Cooperative Banks and Savings and Credit Societies. FSV figure from January 2014, as opposed to December 2013.
Notes: Capital gains earned by non-residents from selling property in El Salvador are taxed at a flat rate of 10%.
Notes: Capital gains earned by non-residents from selling property in El Salvador are taxed at a flat rate of 10%.
Notes: Capital gains earned by non-residents from selling property in El Salvador are taxed at a flat rate of 10%.
Notes: Capital gains earned by non-residents from selling property in El Salvador are taxed at a flat rate of 10%.
Notes: El Salvador has anti-usury laws, and the central government caps interest rates for various financial products scaled to market rates.
Notes: El Salvador has anti-usury laws, and the central government caps interest rates for various financial products scaled to market rates.
Notes: El Salvador has anti-usury laws, and the central government caps interest rates for various financial products scaled to market rates.
Notes: El Salvador has anti-usury laws, and the central government caps interest rates for various financial products scaled to market rates.
Notes: Fee for registration is USD 0.63% of total value of the property. Transfer tax of 3% on the excess of USD 28,571.43 is paid directly to the Ministry of Finance, or any authorized bank, based on a request made by the Notary.
Notes: Fee for registration is USD 0.63% of total value of the property. Transfer tax of 3% on the excess of USD 28,571.43 is paid directly to the Ministry of Finance, or any authorized bank, based on a request made by the Notary.
Notes: Fee for registration is USD 0.63% of total value of the property. Transfer tax of 3% on the excess of USD 28,571.43 is paid directly to the Ministry of Finance, or any authorized bank, based on a request made by the Notary.
Notes: Fee for registration is USD 0.63% of total value of the property. Transfer tax of 3% on the excess of USD 28,571.43 is paid directly to the Ministry of Finance, or any authorized bank, based on a request made by the Notary.
Notes: Fondo Social de Vivienda (FSV), or the Social Housing Fund, offers subsidized mortgages at lower than market rates.
Notes: Fondo Social de Vivienda (FSV), or the Social Housing Fund, offers subsidized mortgages at lower than market rates.
Notes: Fondo Social de Vivienda (FSV), or the Social Housing Fund, offers subsidized mortgages at lower than market rates.
Notes: Fondo Social de Vivienda (FSV), or the Social Housing Fund, offers subsidized mortgages at lower than market rates.
Notes: Fondo Social de Vivienda (FSV), or the Social Housing Fund, offers subsidized mortgages at lower than market rates.
Notes: Fondo Social de Vivienda (FSV), or the Social Housing Fund, offers subsidized mortgages at lower than market rates.
Notes: For loans with one year or less term, the lending rate is 12.38%.
Notes: Government has allocated special funds for the creation of several institutions involved in El Salvador's housing sector such as the Social Housing Fund (FSV), the National Fund for Social Housing (FONAVIPO) and the Multisector Investment Bank (BMI). The resources of FSV are constituted by: (A) An initial State subsidy of $2,857,142.86 and $3,778,285.72, received in 1995. (B) Employers and workers' contributions received since its inception until April 30, 1998, which was replaced in favor of a new Pension Savings System. These are recorded in Individual Accounts. (C) Other income obtained by any title.
Notes: Government has allocated special funds for the creation of several institutions involved in El Salvador's housing sector such as the Social Housing Fund (FSV), the National Fund for Social Housing (FONAVIPO) and the Multisector Investment Bank (BMI). The resources of FSV are constituted by: (A) An initial State subsidy of $2,857,142.86 and $3,778,285.72, received in 1995. (B) Employers and workers' contributions received since its inception until April 30, 1998, which was replaced in favor of a new Pension Savings System. These are recorded in Individual Accounts. (C) Other income obtained by any title.
Notes: Government has allocated special funds for the creation of several institutions involved in El Salvador's housing sector such as the Social Housing Fund (FSV), the National Fund for Social Housing (FONAVIPO) and the Multisector Investment Bank (BMI). The resources of FSV are constituted by: (A) An initial State subsidy of $2,857,142.86 and $3,778,285.72, received in 1995. (B) Employers and workers' contributions received since its inception until April 30, 1998, which was replaced in favor of a new Pension Savings System. These are recorded in Individual Accounts. (C) Other income obtained by any title.
Notes: Government has allocated special funds for the creation of several institutions involved in El Salvador's housing sector such as the Social Housing Fund (FSV), the National Fund for Social Housing (FONAVIPO) and the Multisector Investment Bank (BMI). The resources of FSV are constituted by: (A) An initial State subsidy of $2,857,142.86 and $3,778,285.72, received in 1995. (B) Employers and workers' contributions received since its inception until April 30, 1998, which was replaced in favor of a new Pension Savings System. These are recorded in Individual Accounts. (C) Other income obtained by any title.
Notes: Government has allocated special funds for the creation of several institutions involved in El Salvador's housing sector such as the Social Housing Fund (FSV), the National Fund for Social Housing (FONAVIPO) and the Multisector Investment Bank (BMI). The resources of FSV are constituted by: (A) An initial State subsidy of $2,857,142.86 and $3,778,285.72, received in 1995. (B) Employers and workers' contributions received since its inception until April 30, 1998, which was replaced in favor of a new Pension Savings System. These are recorded in Individual Accounts. (C) Other income obtained by any title.
Notes: Government has allocated special funds for the creation of several institutions involved in El Salvador's housing sector such as the Social Housing Fund (FSV), the National Fund for Social Housing (FONAVIPO) and the Multisector Investment Bank (BMI). The resources of FSV are constituted by: (A) An initial State subsidy of $2,857,142.86 and $3,778,285.72, received in 1995. (B) Employers and workers' contributions received since its inception until April 30, 1998, which was replaced in favor of a new Pension Savings System. These are recorded in Individual Accounts. (C) Other income obtained by any title.
Notes: In 2011, according to the Superintendencia del Sistema Financiero, three of the five banks which had the largest share of the mortgage market include--Scotiabank, Banco Agricola, and Banco HSBC SalvadoreƱo, all have a maximum 90% LTV ratio. Banco de America Central, S.A., which had the fourth largest share of the mortgage market, has a maximum 85% LTV ratio.
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Interest rate in USD, Annual: 360 days
Notes: Legal framework established for mortgage securitization but has not developed and is trivial to the overall mortgage market.
Notes: Legal framework established for mortgage securitization but has not developed and is trivial to the overall mortgage market.
Notes: Legal framework established for mortgage securitization but has not developed and is trivial to the overall mortgage market.
Notes: Legal framework established for mortgage securitization but has not developed and is trivial to the overall mortgage market.
Notes: Legal framework established for mortgage securitization but has not developed and is trivial to the overall mortgage market.
Notes: Legal framework established for mortgage securitization but has not developed and is trivial to the overall mortgage market.
Notes: Property insurance is obsolete because of the weak credit registry system. Likely also applies to mortgage default insurance.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 10.38%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 10.74%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 10.80%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 12.52%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 6.30%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 6.58%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 6.87%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 7.14%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 7.52%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 7.81%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 7.87%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 9.60%.
Notes: Rate listed is for loans over 1-year term. For loans with one year or less term, the lending rate is 9.93%.
Notes: Rate listed is for loans over 1-year term. The lending rate for mortgages is 7.35%. For loans with one year or less term, the lending rate is 5.6%.
Notes: Rate listed is for loans over 1-year term. The lending rate for mortgages is 7.76%. For loans with one year or less term, the lending rate is 5.99%.
Notes: Rate listed is for loans over 1-year term. The lending rate for mortgages is 8.48%. For loans with one year or less term, the lending rate is 7.62%.
Notes: Rate listed is for loans over 1-year term. The lending rate for mortgages is 8.66%. For loans with one year or less term, the lending rate is 9.31%.
Notes: Registering a property takes on average of five steps over a period of 31 days, and costs 3.8% of the reported value of the property.
Notes: Registering a property takes on average of five steps over a period of 31 days, and costs 3.8% of the reported value of the property.
Notes: Registering a property takes on average of five steps over a period of 31 days, and costs 3.8% of the reported value of the property.
Notes: Registering a property takes on average of five steps over a period of 31 days, and costs 3.8% of the reported value of the property.
Notes: Registering a property takes on average of five steps over a period of 31 days, and costs 3.8% of the reported value of the property.
Notes: The Multi-Sector Investment Bank (BMI) was created in 1994 to allocate housing funding mainly to private banks and is responsible for a secondary mortgage development plan started in 2003.
Notes: The Multi-Sector Investment Bank (BMI) was created in 1994 to allocate housing funding mainly to private banks and is responsible for a secondary mortgage development plan started in 2003.
Notes: The Multi-Sector Investment Bank (BMI) was created in 1994 to allocate housing funding mainly to private banks and is responsible for a secondary mortgage development plan started in 2003.
Notes: The Multi-Sector Investment Bank (BMI) was created in 1994 to allocate housing funding mainly to private banks and is responsible for a secondary mortgage development plan started in 2003.
Notes: The Multi-Sector Investment Bank (BMI) was created in 1994 to allocate housing funding mainly to private banks and is responsible for a secondary mortgage development plan started in 2003.
Notes: The Multi-Sector Investment Bank (BMI) was created in 1994 to allocate housing funding mainly to private banks and is responsible for a secondary mortgage development plan started in 2003.
Notes: The Social Housing Fund (FSV) offers subsidized mortgages with lower than market interest rates. The National Fund for Popular Housing (FONAVPI) was created as a public second-floor credit institution, aimed to finance less-than-four-times the minimum wage households, with more favorable credit conditions.
Notes: The Social Housing Fund (FSV) offers subsidized mortgages with lower than market interest rates. The National Fund for Popular Housing (FONAVPI) was created as a public second-floor credit institution, aimed to finance less-than-four-times the minimum wage households, with more favorable credit conditions.
Notes: The Social Housing Fund (FSV) offers subsidized mortgages with lower than market interest rates. The National Fund for Popular Housing (FONAVPI) was created as a public second-floor credit institution, aimed to finance less-than-four-times the minimum wage households, with more favorable credit conditions.
Notes: The Social Housing Fund (FSV) offers subsidized mortgages with lower than market interest rates. The National Fund for Popular Housing (FONAVPI) was created as a public second-floor credit institution, aimed to finance less-than-four-times the minimum wage households, with more favorable credit conditions.
Notes: The Social Housing Fund (FSV) offers subsidized mortgages with lower than market interest rates. The National Fund for Popular Housing (FONAVPI) was created as a public second-floor credit institution, aimed to finance less-than-four-times the minimum wage households, with more favorable credit conditions.
Notes: The Social Housing Fund (FSV) offers subsidized mortgages with lower than market interest rates. The National Fund for Popular Housing (FONAVPI) was created as a public second-floor credit institution, aimed to finance less-than-four-times the minimum wage households, with more favorable credit conditions.
Notes: The Social Housing Fund (FSV) offers subsidized mortgages with lower than market interest rates. The National Fund for Popular Housing (FONAVPI) was created as a public second-floor credit institution, aimed to finance less-than-four-times the minimum wage households, with more favorable credit conditions.
Notes: Value given as a percentage of property value (0.63% of property value).
Notes: Value given as a percentage of property value (Notary fee ranges from 0.15%-1% of property value).
Notes: Value given as a percentage of property value (Real estate agent fee is around 5% of property value).