Housing Finance Policy

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    A. Legal and Regulatory Framework

    A.1 Legal and Regulatory Framework
    VariableEnd of 2014End of 2013End of 2012SourcesVar ID
    Basis of the legal system: Civil, Common, Islamic, Other? (Describe)Islamic LawIslamic LawIslamic LawA.1.1
    Registration/Transfer of titles:A.1.3
    Typical number of days needed for the transfer of title353535
    WDI
    		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 2014End of 2013End of 2012SourcesVar ID
    Are there subsidies to households on housing finance? YesYes
     
    		B.2.1
    Other YesYesB.2.1.6
    Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
    C. Taxation
    VariableEnd of 2014End of 2013End of 2012SourcesVar ID
    What taxes apply to Residential Real Estate?C.1
    back to top | Country Data:
    Notes: Parisan bank offers residential construction loans for a maximum of 1.5 years, at a LTV of 70% or 250 million IRR, which ever is maximum.
    Notes: Parisan bank offers residential construction loans for a maximum of 1.5 years, at a LTV of 70% or 250 million IRR, which ever is maximum. BankK Maskan offers a maximum if 350 million IRR
    Notes: 75% of the dwellings lie in the size range of 75-150 m^2
    Notes: Bank Maskan is the largest and only bank that is authorized to issue housing finance.
    Notes: Bank Maskan is the largest and only bank that is authorized to issue housing finance.
    Notes: Central Bank of Iran is the main lender for the largest & only government owned housing bank.
    Notes: Central Bank of Iran is the main lender for the largest & only government owned housing bank.
    Notes: In 2008, the Central Bank banned all banks and financial institutions from issuing residentail mortgages excepet Bank Maskan. Others issue short term improvements loans.
    Notes: In 2008, the Central Bank banned all banks and financial institutions from issuing residentail mortgages excepet Bank Maskan. Others issue short term improvements loans.
    Notes: In 2008, the Central Bank banned all banks and financial institutions from issuing residential mortgages except Bank Maskan. Others issue short term improvements loans.
    Notes: In 2008, the Central Bank banned all banks and financial institutions from issuing residential mortgages except Bank Maskan. Others issue short term improvements loans.
    Notes: Owned Land and building
    Notes: Participation Bonds are issued to fund the financing activities. Buyers receive a share of profit.
    Notes: Participation Bonds are issued to fund the financing activities. Buyers receive a share of profit.
    Notes: Pecentage of tents, Huts, Sheds and other non stated dwellings
    Notes: Under the Mehr Housing finance scheme, developers are provided free government land to build affordable houses and banks are proivided with government guarantees to issue 99-year mortgages to first time home owners.
    Notes: Under the Mehr Housing finance scheme, developers are provided free government land to build affordable houses and banks are proivided with government guarantees to issue 99-year mortgages to first time home owners.
    Notes: Under the Mehr Housing finance scheme, developers are provided free government land to build affordable houses and banks are proivided with government guarantees to issue 99-year mortgages to first time home owners.