General Assessment

    Variable(2015)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
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    Notes: (2010 = 100)
    Notes: Capital gains arising from the sale or transfer of property are subject to a flat rate tax of 27%. The taxable gain is calculated by deducting the acquisition cost as adjusted for inflation from the gross selling price or market value
    Notes: Income generating expenses are deductible when computing for taxable rental income
    Notes: Property tax is levied annually at a rate of 1% on the property's cadastral value exceeding DOP 6,500,000 (USD 142,857)
    Notes: Rental income is subject to taxation at a rate of 10% to residents and 27% for nonresidents
    Notes: Represents mortgage loans made by BNVF, a government organization
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The institutions requesting a credit report from a credit bureau simply needs to obtain an authorization from the subject
    Notes: The Transfer Tax is levied at 3%
    Notes: This is the percentage in urban areas, when rural areas are included the percentage rises to 59.3%
    Notes: This remains a minor portion as mortgage bonds were only authorized in a recent law passed in 2011
    Notes: This remains a minor portion as securitization of mortgages was only authorized in a recent law passed in 2011