Housing Finance Policy

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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)Common lawCommon lawCommon lawA.1.1
Are there specific laws that deal with mortgages? YesYesYesA.1.2
Registration/Transfer of titles:A.1.3
Does the law clearly define different types of property rights?YesYesYes
IBP - South America: Investment Resources and Capital for South American Countries Handbook
A.1.3.1
 Are property rights easily transferable?NoNoNo
IBP - South America: Investment Resources and Capital for South American Countries Handbook
A.1.3.2
Identify barriers to the registration/ transfer of property title.Guyana's property rights and registry system is highly inefficient. This is due to its overly complex and bureaucratic nature.Guyana's property rights and registry system is highly inefficient. This is due to its overly complex and bureaucratic nature.Guyana's property rights and registry system is highly inefficient. This is due to its overly complex and bureaucratic nature.
IBP - South America: Investment Resources and Capital for South American Countries Handbook
A.1.3.3
Typical number of days needed for the transfer of title757575
WDI
A.1.3.4
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?YesYesYesB.2.1
Interest rate subsidies by special government fundsYesYesYesB.2.1.1
Mortgage interest deductibility from income taxYesYesYesB.2.1.5
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) Yes  C.1.1
Tax on capital gains on property Yes  C.1.5
OtherYes  C.1.6
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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%