General Assessment

    Variable(2018)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
    back to top | Country Data:
    Notes: SEDP offers a Multi-Purpose Loan that can be used for house improvement. KFI offers a housing repair group loan. Both are NGOs.
    Notes: -0.36
    Notes: -0.52
    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: 2010 = 100
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Average cost per sq. meter for residential constructions
    Notes: Bahay Bonds were guaranteed by the HGC
    Notes: CARD Bank and Dungganon Bank take deposits but are considered microfinance-oriented rural banks
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Civil Code provisions for property rights, e.g. right to possess, right to use & right to dispose
    Notes: Confidentiality Rule/Marketing Strategies/Business secuts confined by Law
    Notes: Confidentiality Rule/Marketing Strategies/Business secuts confined by Law
    Notes: Confidentiality Rule/Marketing Strategies/Business secuts confined by Law
    Notes: Dungganon Bank and Card Bank provide micro-housing loans for house improvement and renovation
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: Excludes HDMF loans
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For National Capital Region
    Notes: For Pag-IBIG Fund only; minimum borrower equity requirement (maximum LTV) is bank-determined internal policy
    Notes: Government controlled housing finance corporation
    Notes: Government controlled housing finance corporation
    Notes: Government controlled housing finance corporation
    Notes: Government controlled housing finance corporation
    Notes: IMF Annual Average Exchange
    Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
    Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
    Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
    Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
    Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
    Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
    Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
    Notes: Includes mortgage loans from universal banks, commercial banks, and thrift banks only
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: Includes mortgage loans from universal banks, commercial banks, thrift banks, and Home Development Mortgage Fund
    Notes: low cost housing purchase, rehab and construction loans through the social security system seperatee funds for private and public wokers (HDMF); Community Mortgage Program and High Density Housing Program (SHFC)
    Notes: National Capital Region only
    Notes: National Capital Region only
    Notes: National Capital Region only
    Notes: National Capital Region only
    Notes: National Capital Region only
    Notes: National Rate
    Notes: NHMFC only
    Notes: NHMFC only
    Notes: NHMFC only
    Notes: NHMFC's estimate
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of approved residential building permits
    Notes: Number of families, not households. The number is usually similar.
    Notes: Number of families, not households. The number is usually similar.
    Notes: Number of families, not households. The number is usually similar.
    Notes: Number of families, not households. The number is usually similar.
    Notes: Number of families, not households. The number is usually similar.
    Notes: Number of families, not households. The number is usually similar.
    Notes: Number of families, not households. The number is usually similar.
    Notes: Owned, being amortized
    Notes: P20 for mortgages under P5,000 and P10 for each additional P5,000
    Notes: P20 for mortgages under P5,000 and P10 for each additional P5,000
    Notes: P20 for mortgages under P5,000 and P10 for each additional P5,000
    Notes: P20 for mortgages under P5,000 and P10 for each additional P5,000
    Notes: Pag-IBIG Affordable Housing Loan Program includes construction and home improvement
    Notes: Pag-IBIG Affordable Housing Loan Program offers minimum and low-wage earners low interest rates of 3% for first 5 years and 6.5% for next 5 years. Max tenure is 30 years. Monthly payments as low as Php2,445.30 for Php580,000 housing loan. Max loan amount of Php750,000
    Notes: Pag-IBIG Affordable Housing Loan Program offers minimum and low-wage earners low interest rates of 3% for first 5 years and 6.5% for next 5 years. Max tenure is 30 years. Monthly payments as low as Php2,445.30 for Php580,000 housing loan. Max loan amount of Php750,000
    Notes: Pag-IBIG Fund only
    Notes: Pag-IBIG is a Provident Fund with required contributions (a labor related tax) by formal sector workers
    Notes: People's Credit and Finance Corporation
    Notes: Provident fund, Pag-IBIG Fund, is largest source of housing finance
    Notes: Real property tax 20% on residential land; 0-60% of fair market value progressive tax
    Notes: Real property tax 20% on residential land; 0-60% of fair market value progressive tax
    Notes: Real property tax 20% on residential land; 0-60% of fair market value progressive tax
    Notes: Real property tax 20% on residential land; 0-60% of fair market value progressive tax
    Notes: Rent-free
    Notes: Stamp tax; P15 for transactions under P1,000 and P15 for each additional P1,000
    Notes: Stamp tax; P15 for transactions under P1,000 and P15 for each additional P1,000
    Notes: Stamp tax; P15 for transactions under P1,000 and P15 for each additional P1,000
    Notes: Stamp tax; P15 for transactions under P1,000 and P15 for each additional P1,000
    Notes: Tax exemption for interest income on housing loans
    Notes: Tax exemption for interest income on housing loans
    Notes: Tax exemption for interest income on housing loans
    Notes: Tax exemption for interest income on housing loans
    Notes: Tax rate for real property is 6%
    Notes: Tax rate for real property is 6%
    Notes: Tax rate for real property is 6%
    Notes: Tax rate for real property is 6%
    Notes: This data point takes into account NHMFC data only
    Notes: This is as of Q3 2016
    Notes: Universal and commercial banks only
    Notes: Universal and commercial banks only
    Notes: Universal and commercial banks only
    Notes: Universal and commercial banks only
    Notes: Universal and commercial banks only
    Notes: Universal and commercial banks only
    Notes: Universal and commercial banks only
    Notes: Universal and commercial banks only
    Notes: Written into loan application and payment process. Only protects in the event of death or disability