A. Legal and Regulatory Framework
A.1 Legal and Regulatory Framework
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Basis of the legal system: Civil, Common, Islamic, Other? (Describe) | Mixed system developed from codes instituted by the Ottoman Empire (based on French law), British common law, and Islamic law | Mixed system developed from codes instituted by the Ottoman Empire (based on French law), British common law, and Islamic law | Mixed system developed from codes instituted by the Ottoman Empire (based on French law), British common law, and Islamic law | A.1.1 | |
| Are there specific laws that deal with mortgages? | Yes | Yes | Yes | A.1.2 | |
| Registration/Transfer of titles: | A.1.3 | ||||
| Typical number of days needed for the transfer of title | 21 | 21 | 21 | 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 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Are there subsidized funding sources for mortgage lenders? | Yes | Yes | Yes | JMRC | B.1.1 |
| Government supported liquidity facility | Yes | Yes | Yes | JMRC | B.1.1.2 |
| Other | Yes | Housing Finance in MENA - World Bank paper by Olivier Hassler - http://hofinet.org/documents/doc.aspx?id=1007 | B.1.1.6 |
B.2 Subsidies to Households
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| Reach of subsidies in 2.1.1 to 2.1.4 ? | B.2.2 | ||||
C. Taxation
| Variable | End of 2015 | End of 2014 | End of 2013 | Sources | Var ID |
|---|---|---|---|---|---|
| What taxes apply to Residential Real Estate? | C.1 | ||||
| Tax on capital gains on property | No | C.1.5 | |||