A. Legal and Regulatory Framework
A.1 Legal and Regulatory Framework
| Variable | End of 2022 | End of 2021 | End of 2020 | Sources | Var ID |
|---|---|---|---|---|---|
| Basis of the legal system: Civil, Common, Islamic, Other? (Describe) | Mixed system of civil law, common law, and customary law | A.1.1 | |||
| Are there specific laws that deal with mortgages? | yes | Immovable Property Act | A.1.2 | ||
| Registration/Transfer of titles: | A.1.3 | ||||
| Does the law clearly define different types of property rights? | yes | A.1.3.1 | |||
| Are property rights easily transferable? | yes | A.1.3.2 | |||
| Identify barriers to the registration/ transfer of property title. | The process to convert land that is designated as "tribal" to "common law" land has been cited as a problem to register property to become eligible for mortgage lending. Regulations about land use management such as building permits and related procedures are also considered unduly onerous and bureaucratic, and need to be reformed. | CAHF Yearbook 2015 | A.1.3.3 | ||
| Typical number of days needed for the transfer of title | 27 | WDI | A.1.3.4 | ||
| Is there specialized legislation covering: | A.1.9 | ||||
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
| Variable | End of 2022 | End of 2021 | End of 2020 | Sources | Var ID |
|---|---|---|---|---|---|
| Is the lending side of the housing finance system subsidized? | yes | CAHF Yearbook 2015 | B.1.2 | ||
| Guarantees for mortgage loans | yes | CAHF Yearbook 2015 | B.1.2.2 |
B.2 Subsidies to Households
| Variable | End of 2022 | End of 2021 | End of 2020 | Sources | Var ID |
|---|---|---|---|---|---|
| Reach of subsidies in 2.1.1 to 2.1.4 ? | B.2.2 | ||||
C. Taxation
| Variable | End of 2022 | End of 2021 | End of 2020 | Sources | Var ID |
|---|---|---|---|---|---|
| What taxes apply to Residential Real Estate? | C.1 | ||||
| Tax on property (home-owners) | No | C.1.1 | |||
| Property transaction taxes (purchase/selling) | No | C.1.2 | |||
| Tax on capital gains on property | No | C.1.5 | |||