Housing Finance Policy

    Text bolded/green below shows notes and variable definitions when you roll over. If you cannot see the notes, please download an Excel version from the Research Center, which includes notes. Also, a PDF featuring variable definitions is available in the document list under "Definition of Hofinet Variables".

     

    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)Hybrid (civil and common)Hybrid (civil and common)Hybrid (civil and common)
    C, A Law
    		A.1.1
    Are there specific laws that deal with mortgages? YesYesYesA.1.2
    Registration/Transfer of titles:A.1.3
    Typical number of days needed for the transfer of title141414
    WDI
    		A.1.3.4
    Are there legal constraints on mortgage features?YesYesYes
    Bank of Mauritius
    		A.1.6
    Loan-to-Value capYesYesYes
    Bank of Mauritius
    		A.1.6.2
    Payment-to-Income maximumYesYesYes
    Bank of Mauritius
    		A.1.6.3
    Are there consumer rights for mortgage lending? YesYesYesA.1.7
    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 2015End of 2014End of 2013SourcesVar ID
    Are there subsidies to households on housing finance?YesYesYes
    Mauritius Housing Company
    		B.2.1
    Interest rate subsidies by special government fundsYesYesYes
    Mauritius Housing Company
    		B.2.1.1
    Subsidies to savings for mortgage loansYesYesYesB.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
    back to top | Country Data:
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 2010 = 100
    Notes: 3 main providers: Commercial Banks, Mauritius Housing Company, Insurance Companies
    Notes: 3 main providers: Commercial Banks, Mauritius Housing Company, Insurance Companies
    Notes: 3 main providers: Commercial Banks, Mauritius Housing Company, Insurance Companies
    Notes: 3 main providers: Commercial Banks, Mauritius Housing Company, Insurance Companies
    Notes: 3 main providers: Commercial Banks, Mauritius Housing Company, Insurance Companies
    Notes: 3 main providers: Commercial Banks, Mauritius Housing Company, Insurance Companies
    Notes: 3 main providers: Commercial Banks, Mauritius Housing Company, Insurance Companies
    Notes: 3 main providers: Commercial Banks, Mauritius Housing Company, Insurance Companies
    Notes: 90% LTV cap for loans up to Rs 5mm. 80% LTV cap for loans up to Rs 12mm. 70% LTV cap for loans greater than Rs 12mm.
    Notes: 90% LTV cap for loans up to Rs 5mm. 80% LTV cap for loans up to Rs 12mm. 70% LTV cap for loans greater than Rs 12mm.
    Notes: 90% LTV cap for loans up to Rs 5mm. 80% LTV cap for loans up to Rs 12mm. 70% LTV cap for loans greater than Rs 12mm.
    Notes: 90% LTV cap for loans up to Rs 5mm. 80% LTV cap for loans up to Rs 12mm. 70% LTV cap for loans greater than Rs 12mm.
    Notes: 90% max LTV for already-built property. Up to 100% financing for residential property construction.
    Notes: 90% max LTV for already-built property. Up to 100% financing for residential property construction.
    Notes: 90% max LTV for already-built property. Up to 100% financing for residential property construction.
    Notes: 90% max LTV for already-built property. Up to 100% financing for residential property construction.
    Notes: 90% max LTV for already-built property. Up to 100% financing for residential property construction.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Besides housing loans, MHC provides architectural, technical, legal, insurance services as well as deposit taking and savings schemes.
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: Borrowers' Protection Act of 2007
    Notes: DTI ratio of a borrower should not exceed 40% when monthly gross income is less than Rs 200,000. 50% for borrowers whose income exceeds that threshold.
    Notes: DTI ratio of a borrower should not exceed 40% when monthly gross income is less than Rs 200,000. 50% for borrowers whose income exceeds that threshold.
    Notes: DTI ratio of a borrower should not exceed 40% when monthly gross income is less than Rs 200,000. 50% for borrowers whose income exceeds that threshold.
    Notes: DTI ratio of a borrower should not exceed 40% when monthly gross income is less than Rs 200,000. 50% for borrowers whose income exceeds that threshold.
    Notes: Fees that depend on loan value: 1% handling fee and 0.5% fixed charge fee.
    Notes: Fees that depend on loan value: 1% handling fee and 0.5% fixed charge fee.
    Notes: Fees that depend on loan value: 1% handling fee and 0.5% fixed charge fee.
    Notes: Fees that depend on loan value: 1% handling fee and 0.5% fixed charge fee.
    Notes: Fees that depend on loan value: 1% handling fee and 0.5% fixed charge fee.
    Notes: Fees that depend on loan value: 1% handling fee and 0.5% fixed charge fee.
    Notes: Fixed fees include application fees, doctor's fee, and policy fee.
    Notes: Fixed fees include application fees, doctor's fee, and policy fee.
    Notes: Fixed fees include application fees, doctor's fee, and policy fee.
    Notes: Fixed fees include application fees, doctor's fee, and policy fee.
    Notes: Fixed fees include application fees, doctor's fee, and policy fee.
    Notes: Fixed fees include application fees, doctor's fee, and policy fee.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be though of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be though of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be thought of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be thought of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be thought of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be thought of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be thought of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be thought of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Insurance companies do a small portion of mortgage lending in Mauritius, which can be thought of to be funded by loans given to subsidiaries by the parent insurance companies.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Mauritius Credit Information Bureau (MCIB) was created in 2005. First designed to gather information only from banks, it has now extended its coverage well beyond the banking sector. There are no private credit bureaus.
    Notes: Most lenders conform to Bank of Mauritius' regulation that DTI does not exceed 40% for those making less than Rs 200,000 a month (roughly USD 65,000 per year).
    Notes: Most lenders conform to Bank of Mauritius' regulation that DTI does not exceed 40% for those making less than Rs 200,000 a month (roughly USD 65,000 per year).
    Notes: Most lenders conform to Bank of Mauritius' regulation that DTI does not exceed 40% for those making less than Rs 200,000 a month (roughly USD 65,000 per year).
    Notes: Most lenders conform to Bank of Mauritius' regulation that DTI does not exceed 40% for those making less than Rs 200,000 a month (roughly USD 65,000 per year).
    Notes: Most lenders conform to Bank of Mauritius' regulation that DTI does not exceed 40% for those making less than Rs 200,000 a month (roughly USD 65,000 per year).
    Notes: National Percentage
    Notes: National Percentage
    Notes: New guidelines and macroprudential policies were implemented by the Bank of Mauritius in 2013 which include LTV and DTI regulations.
    Notes: New guidelines and macroprudential policies were implemented by the Bank of Mauritius in 2013 which include LTV and DTI regulations.
    Notes: New guidelines and macroprudential policies were implemented by the Bank of Mauritius in 2013 which include LTV and DTI regulations.
    Notes: New guidelines and macroprudential policies were implemented by the Bank of Mauritius in 2013 which include LTV and DTI regulations.
    Notes: Percentage of consolidated mortgage loans outstanding of insurance companies.
    Notes: Percentage of consolidated mortgage loans outstanding of insurance companies.
    Notes: Percentage of consolidated mortgage loans outstanding of insurance companies.
    Notes: Percentage of consolidated mortgage loans outstanding of insurance companies.
    Notes: Percentage of consolidated mortgage loans outstanding of insurance companies.
    Notes: Percentage of consolidated mortgage loans outstanding of insurance companies.
    Notes: Percentage of consolidated mortgage loans outstanding of insurance companies.
    Notes: Percentage of housing units without access to piped water.
    Notes: Percentage of housing units without access to piped water.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.
    Notes: Special saving scheme introduced by Mauritius Housing Company in 1992 in order to encourage citizens' path to homeownership.