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
CIA
A.1.1
Registration/Transfer of titles:A.1.3
Typical number of days needed for the transfer of title393916
WDI - Doing Business
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
IADB
B.2.1
Down-payment subsidies YesYesYes
IADB
B.2.1.3
Subsidies to savings for mortgage loansYesYesYes
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 2013End of 2012End of 2011SourcesVar ID
What taxes apply to Residential Real Estate?C.1
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Notes: Two credit bureaus Transunion and Equifax operate in Ecuador.
Notes: Two credit bureaus Transunion and Equifax operate in Ecuador.
Notes: The Banco del Instituto Ecuatoriano de Seguridad Social is the largest player in the Ecuadorian housing finance system providing over half the loans in both number and value. It funds its mortgage book from social security payments made to its pension fund.
Notes: The Banco del Instituto Ecuatoriano de Seguridad Social is the largest player in the Ecuadorian housing finance system providing over half the loans in both number and value. It funds its mortgage book from social security payments made to its pension fund.
Notes: The Banco del Instituto Ecuatoriano de Seguridad Social is the largest player in the Ecuadorian housing finance system providing over half the loans in both number and value. It funds its mortgage book from social security payments made to its pension fund.
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: The sum of the public (from BIESS) and private (BCE) sectors, $766,414,000 and $656,900,000 respectively
Notes: While BIESS offers 100% loans, other commercial banks offer up to 70% financing.
Notes: While BIESS offers 100% loans, other commercial banks offer up to 70% financing.
Notes: While BIESS offers loans for 25 years, private banks offers loans for 20 years
Notes: While BIESS offers loans for 25 years, private banks offers loans for 20 years