Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Civil LawCivil LawCivil Law
Guide to Legal Research in Nicaragua
A.1.1
Registration/Transfer of titles:A.1.3
Typical number of days needed for the transfer of title494949
WDI - Doing Business Report
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
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
Are there subsidies to households on housing finance?YesYesYes
FOSOVI Nicaragua
B.2.1
Down-payment subsidies YesYesYes
FOSOVI Nicaragua
B.2.1.3
OtherYesYesYes
FOSOVI Nicaragua
B.2.1.6
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2013End of 2012End of 2011SourcesVar ID
What taxes apply to Residential Real Estate?C.1
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Notes: BAC Nicaragua offers fixed interest loans at a rate of 9.5% up to 15 years.
Notes: BAC Nicaragua offers fixed interest loans at a rate of 9.5% up to 15 years.
Notes: Exemption of VAT on the purchase of building materials.
Notes: Exemption of VAT on the purchase of building materials.
Notes: Exemption of VAT on the purchase of building materials.
Notes: FOSOVI (Fondo Social de Vivienda) provides subsidies to support housing loans to lower income families although the subsidies remain small accounting for only $4 million annually.
Notes: National Percentage. This number includes only owners with deeds, if owners without deeds in the informal housing market are included the owner-occupied rate rises to 84.42%
Notes: One-time grant of $1500 USD.