Housing Finance Policy

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    A. Legal and Regulatory Framework

    A.1 Legal and Regulatory Framework
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Basis of the legal system: Civil, Common, Islamic, Other? (Describe)mixed legal system of mostly English common law and Islamic lawmixed legal system of mostly English common law and Islamic law mixed legal system of mostly English common law and Islamic 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?YesyesyesA.1.3.1
    Typical number of days needed for the transfer of title244244244
    WDI
    		A.1.3.4
    Can liens be effectively enforced?  No
    Expanding Housing Finance to the Underserved in South Asia
    		A.1.4
    Is there specialized legislation covering:A.1.9
    B. Housing Finance Subsidies
    B.1 Subsidies to Housing Finance Institutions
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Are there subsidized funding sources for mortgage lenders?YesYesyesB.1.1
    Special government lines of credit YesYesyesB.1.1.1
    Is the lending side of the housing finance system subsidized?Yes yesB.1.2
    B.2 Subsidies to Households
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    Are there subsidies to households on housing finance?Yes  
     
    		B.2.1
    Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
    C. Taxation
    VariableEnd of 2017End of 2016End of 2015SourcesVar ID
    What taxes apply to Residential Real Estate?C.1
    Tax on property (home-owners) No NoC.1.1
    Tax on mortgage interest pmts  No
    Bangladesh National Board of Revenue
    		C.1.4
    Tax on capital gains on property YesyesyesC.1.5
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    Notes: 77% of urban dwellings considered non-permanent in 2015
    Notes: Addition of private sector banks, state-owned banks, and "other banks"
    Notes: Assumes HBFC is largest and only significant source of housing loans not funded through deposits
    Notes: at the end of June
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    Notes: Base Year
    Notes: Grihayan Tahbil provides credit at 2% to NGOs who then provide lower interest rate housing loans to the rural poor at 6%.
    Notes: Grihayan Tahbil provides credit at 2% to NGOs who then provide lower interest rate housing loans to the rural poor at 6%.
    Notes: In 2016, the World Bank piloted the Low Income Community Housing Support Project which gave 40,000 low-income urban residents access to low-interest housing loans with 38-year terms, a service charge of 0.75%, and a six-year grace period
    Notes: Real property in Bangladesh attracts stamp duties that are levied under the Stamp Act, 1899.
    Notes: The state-owned Housing Building Finance Corporation issues housing loans. Sources of the fund are paid-up capital by the government with proceeds through selling government guaranteed debentures
    Notes: The state-owned Housing Building Finance Corporation issues housing loans. Sources of the fund are paid-up capital by the government with proceeds through selling government guaranteed debentures
    Notes: The state-owned Housing Building Finance Corporation issues housing loans. Sources of the fund are paid-up capital by the government with proceeds through selling government guaranteed debentures