A. Legal and Regulatory Framework
A.1 Legal and Regulatory Framework
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Basis of the legal system: Civil, Common, Islamic, Other? (Describe) | Yes | CIA World Factbook | A.1.1 | ||
| Registration/Transfer of titles: | A.1.3 | ||||
| Does the law clearly define different types of property rights? | Yes | 2007 Oxford Business Report Algeria | A.1.3.1 | ||
| Typical number of days needed for the transfer of title | 55 | 55 | 55 | WDI | A.1.3.4 |
| Are there legal constraints on mortgage features? | Yes | Bank of Algeria | A.1.6 | ||
| Loan-to-Value cap | Yes | Bank of Algeria | A.1.6.2 | ||
| Is there specialized legislation covering: | A.1.9 | ||||
B. Housing Finance Subsidies
B.1 Subsidies to Housing Finance Institutions
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Are there subsidized funding sources for mortgage lenders? | Yes | Yes | Societe de Refinancement Hypothecaire | B.1.1 | |
| Government supported liquidity facility | Yes | Yes | Yes | Societe de Refinancement Hypothecaire | B.1.1.2 |
| Is the lending side of the housing finance system subsidized? | Yes | Yes | Bank for International Settlements | B.1.2 | |
| Shared credit risk through public/private mortgage insurance | Yes | Yes | Bank for International Settlements | B.1.2.1 | |
| Guarantees for mortgage loans | Yes | Yes | Yes | Fonds de Garantie et de Caution Mutuelle de la Promotion Immobilière | B.1.2.2 |
B.2 Subsidies to Households
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| Are there subsidies to households on housing finance? | Yes | Yes | Yes | 2014 IMF Selected Issues Report | B.2.1 |
| Interest rate subsidies by special government funds | Yes | Yes | 2014 IMF Selected Issues Report | B.2.1.1 | |
| Down-payment subsidies | Yes | Yes | World Bank Research Paper-Housing and Real Estate Finance in Middle East and North Africa Countries World Bank Research Paper-Housing and Real Estate Finance in Middle East and North Africa Countries World Bank Research Paper-Housing and Real Estate Finance in Middle East and North Africa | B.2.1.3 | |
| Other | Yes | Yes | World Bank Research Paper-Housing and Real Estate Finance in Middle East and North Africa Countries World Bank Research Paper-Housing and Real Estate Finance in Middle East and North Africa Countries World Bank Research Paper-Housing and Real Estate Finance in Middle East and North Africa | B.2.1.6 | |
| Reach of subsidies in 2.1.1 to 2.1.4 ? | B.2.2 | ||||
C. Taxation
| Variable | End of 2014 | End of 2013 | End of 2012 | Sources | Var ID |
|---|---|---|---|---|---|
| What taxes apply to Residential Real Estate? | C.1 | ||||
| Tax on property (home-owners) | Yes | Yes | Ernst and Young | C.1.1 | |
| Property transaction taxes (purchase/selling) | Yes | Yes | Deloitte | C.1.2 | |
| Tax on capital gains on property | Yes | Bank of Algeria | C.1.5 | ||