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) Based on Roman civil law with influence from French system  Based on Roman civil law with influence from French system
U.S. Library of Congress
A.1.1
Are there specific laws that deal with mortgages?  YesYesA.1.2
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights? YesYesA.1.3.1
 Are property rights easily transferable? YesYesA.1.3.2
Typical number of days needed for the transfer of title 11
Doing Business 2017
A.1.3.4
Can liens be effectively enforced? YesYesA.1.4
Is there specialized legislation covering:A.1.9
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
B.2 Subsidies to Households
VariableEnd of 2018End of 2017End of 2016SourcesVar ID
Are there subsidies to households on housing finance? YesYes
OHCHR
B.2.1
Interest rate subsidies by special government funds YesYesB.2.1.1
Buy-down of monthly/interest payments NoNo
FESSUD
B.2.1.2
Down-payment subsidies  NoNo
FESSUD
B.2.1.3
Mortgage interest deductibility from income tax YesYes
OECD
B.2.1.5
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)  YesYes
PortugalProperty.com
C.1.1
Property transaction taxes (purchase/selling) YesYes
Deloitte
C.1.2
Tax on capital gains on property  YesYes
PortugalProperty.com
C.1.5
back to top | Country Data:
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements 
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements  
Notes: - Up to 90% for residential immovable property for the purchase or construction of own and permanent residence - Up to 80% for residential immovable property or credit secured a mortgage for other purposes than own and permanent residence - Up to 100% for residential immovable property and credit secured by a mortgage or equivalent guarantee for purchasing immovable property held by the institutions themselves and for property financial leasing agreements
Notes: 2011 housing census shows 73.24 owner occupied units
Notes: According to ECBC, 10 firms account for 95% of the mortgage market.
Notes: According to ECBC, 10 firms account for 95% of the mortgage market.
Notes: According to ECBC, 10 firms account for 95% of the mortgage market.
Notes: Authorization from the Data Protection Authority (CNPD) is required when processing personal data related to credit/solvency of subjects.
Notes: Authorization from the Data Protection Authority (CNPD) is required when processing personal data related to credit/solvency of subjects. 
Notes: Authorization from the Data Protection Authority (CNPD) is required when processing personal data related to credit/solvency of subjects. 
Notes: Authorization from the Data Protection Authority (CNPD) is required when processing personal data related to credit/solvency of subjects. 
Notes: Based on the price index.
Notes: Caixa Geral de Depositos is the largest public bank, second largest overall.
Notes: Caixa Geral de Depositos is the largest public bank, second largest overall.
Notes: Conventional Dwellings Estimate: Conventional dwellings includes vacant and second homes
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: Credit Bonficado (a subsidy program) expired at the end of 2002.
Notes: figures calculated by households, not units
Notes: figures calculated by households, not units 
Notes: figures calculated by households, not units 
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Includes rural transactions. However, Portugal is largely urban.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Levied by municipalities at a maximum rate of 6% on the transfer of residential property, 5% on the transfer of rural property, 6.5% on the transfer of urban property and 10% if the purchaser is located in a listed tax haven.
Notes: Net of taxes and contributions to social security. Up to 50% with the following exceptions on the total amount of credit granted by each institution in each year: up to 20% of mortgage: ratio of up to 60%; up to 5% of mortgage: no ratio limit
Notes: Net of taxes and contributions to social security. Up to 50% with the following exceptions on the total amount of credit granted by each institution in each year: up to 20% of mortgage: ratio of up to 60%; up to 5% of mortgage: no ratio limit  
Notes: Net of taxes and contributions to social security. Up to 50% with the following exceptions on the total amount of credit granted by each institution in each year: up to 20% of mortgage: ratio of up to 60%; up to 5% of mortgage: no ratio limit  
Notes: Non-performing loan defined as 30 days past due
Notes: Residential loans only
Notes: Residential real estate prices have increased an average of 5.3% since 2014. This figure is based on the price index.
Notes: Residential real estate prices have increased an average of 5.3% since 2014. This figure is based on the price index.
Notes: Residential real estate prices have increased an average of 5.3% since 2014. This figure is based on the price index.  
Notes: Residential real estate prices have increased an average of 5.3% since 2014. This figure is based on the price index.  
Notes: The government provides a subsidized credit (65% of the European reference rate) rate for disabled people.
Notes: The government provides a subsidized credit (65% of the European reference rate) rate for disabled people.
Notes: The government provides a subsidized credit (65% of the European reference rate) rate for disabled people.
Notes: The government provides a subsidized credit (65% of the European reference rate) rate for disabled people. This law was established 2014.