The Housing Finance System

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A. Primary Housing Finance Market

A.1 Industry Structure and Performance
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Types of originating lenders/market share:A.1.2
Level of Non-Performing Mortgage Loans (90 days or more past due):A.1.6
Average 1997-2007 A.1.7
A.2 Size of Mortgage Finance Sector
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total amount of home mortgage loans outstanding at the end of year in millions of USD:488.82 USD (millions)501.74 USD (millions)411.82 USD (millions)A.2.1
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)15.45%16.3%13.77%
Bank of Guyana
A.2.1.1
and as % of all credits outstanding47.06%51.28%45.76%
Bank of Guyana and IMF Country Report for Guyana No. 16/216
A.2.1.2
A.3 Housing Finance Products
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Mortgage products as % of all mortgages (approx.) in local currency:A.3.1
Most prevalent type of foreign currency mortgage used:A.3.3
Most frequent interest rates on fully amortizing:A.3.4
Typical lender fees associated with mortgage origination: A.3.6
Typical third party fees associated with mortgage origination:A.3.7
Loan-to-Value (LTV) on first mortgage: A.3.8
Maximum LTV100100 A.3.8.1
Typical LTV at origination8080 A.3.8.2
Mortgage pmt-to-income ratio A.3.10
A.4 Lending and Servicing Process
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Which institutions define underwriting rules? A.4.2
A.5 Credit Risk Assessment
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Do credit bureaus exist? YesYesYesA.5.2
B. Funding Sources for Mortgages and the Secondary Mortgage Market
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
What are the main funding sources for mortgages?B.1
C. Housing Microfinance
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Types of lenders operating in the housing micro-finance (HMF) sector:C.2
Level of NPLs (>90 days past due) in HMFC.4
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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: Capital gains is taxed at a flat rate of 25%. Properties held for more than 25 years is exempt.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is information of mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: Figure listed is mortgage loans but not limited to housing sector, consolidated from Statistical Abstracts and Annual Reports.
Notes: First time home buyers are able to deduct interest paid on mortgages from their personal income tax. The Mortgage Interest Relief was introduced in 2013.
Notes: First time home buyers are able to deduct interest paid on mortgages from their personal income tax. The Mortgage Interest Relief was introduced in 2013.
Notes: First time home buyers are able to deduct interest paid on mortgages from their personal income tax. The Mortgage Interest Relief was introduced in 2013.
Notes: Guyana's first credit bureau, Creditinfo, began operations in 2013. This is following the Credit Reporting Act of 2010, which laid down the framework for a credit bureau to exist.
Notes: Guyana's first credit bureau, Creditinfo, began operations in 2013. This is following the Credit Reporting Act of 2010, which laid down the framework for a credit bureau to exist.
Notes: Guyana's first credit bureau, Creditinfo, began operations in 2013. This is following the Credit Reporting Act of 2010, which laid down the framework for a credit bureau to exist.
Notes: Property tax is levied as "Wealth Tax." The rate ranges from 0-7.5% and depends on the tax base.
Notes: Rental income tax is levied at a rate of 33.33% after deducting income-generating expenses.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: The National Housing Programme provides families with low to middle income (mostly low) mortgage loans with low interest rates. These loans are mostly granted by commercial banks. The banks are given tax concessions by the government which act as indirect subsidies.
Notes: There is no maximum limit. Banks set their own criteria, most ranging from 75-80%
Notes: There is no maximum limit. Banks set their own criteria, most ranging from 75-80%