Housing Finance Policy

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A. Legal and Regulatory Framework

A.1 Legal and Regulatory Framework
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Civil lawCivil lawCivil law
CIA
A.1.1
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights?NoNoNoA.1.3.1
 Are property rights easily transferable?NoNoNoA.1.3.2
Typical number of days needed for the transfer of title383838
WDI
A.1.3.4
Is there specialized legislation covering:A.1.9
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidized funding sources for mortgage lenders?YesYesYesB.1.1
Special government lines of credit YesYesYesB.1.1.1
B.2 Subsidies to Households
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Are there subsidies to households on housing finance?YesYesYes
HOFINET
B.2.1
Interest rate subsidies by special government fundsYesYesYesB.2.1.1
Down-payment subsidies YesYesYesB.2.1.3
Subsidies to savings for mortgage loans  Yes
Ecuadorian Housing Bank - BEV
B.2.1.4
Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
C. Taxation
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What taxes apply to Residential Real Estate?C.1
Tax on property (home-owners) YesYesYesC.1.1
Tax on capital gains on property NoNoNoC.1.5
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Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
Notes: BIESS constitutes a considerable portion of mortgage loans in Ecuador, but less than 10% when compared to the total housing loan portfolio which is dominated by commercial banks. It is a non-depository government-funded entity created in late 2009.
Notes: Calculated as total mortgage loans outstanding in private sector plus total BIESS mortgage loans outstanding.
Notes: Calculated as total mortgage loans outstanding in private sector plus total BIESS mortgage loans outstanding.
Notes: Calculated as total mortgage loans outstanding in private sector plus total BIESS mortgage loans outstanding.
Notes: Calculated as total mortgage loans outstanding in private sector plus total BIESS mortgage loans outstanding.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: The Housing Incentive System of Ecuador provides low and middle income families with one-time vouchers for home purchase, construction and home improvements.
Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.
Notes: While BIESS offers other general banking services including payday loans and a small amount of investment banking services, its primary goal and objective is to provide housing finance to the people of Ecuador.