Housing Finance Policy

    Text bolded/green below shows notes and variable definitions when you roll over. If you cannot see the notes, please download an Excel version from the Research Center, which includes notes. Also, a PDF featuring variable definitions is available in the document list under "Definition of Hofinet Variables".

     

    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)English common lawEnglish common lawEnglish common lawA.1.1
    Registration/Transfer of titles:A.1.3
    Typical number of days needed for the transfer of title118118118
    WDI
    		A.1.3.4
    Is there specialized legislation covering:A.1.9
    B. Housing Finance Subsidies
    B.1 Subsidies to Housing Finance Institutions
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Are there subsidized funding sources for mortgage lenders?YesYesYesB.1.1
    Special government lines of credit YesYesYesB.1.1.1
    B.2 Subsidies to Households
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Are there subsidies to households on housing finance?Yes  B.2.1
    Interest rate subsidies by special government fundsYes  B.2.1.1
    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) No  C.1.1
    Tax on capital gains on property No  C.1.5
    Are there tax benefits on rental properties?Rental income tax is high in Barbados.  C.2
    back to top | Country Data:
    Notes: As of Q2 2015.
    Notes: Barbados National Housing Corporation provides government subsidized housing loans for low-income borrowers.
    Notes: Barbados National Housing Corporation provides government subsidized housing loans for low-income borrowers.
    Notes: Barbados National Housing Corporation provides government subsidized housing loans for low-income borrowers.
    Notes: Barbados National Housing Corporation provides government subsidized housing loans for low-income borrowers.
    Notes: Barbados National Housing Corporation provides government subsidized housing loans for low-income borrowers.
    Notes: Barbados National Housing Corporation provides government subsidized housing loans for low-income borrowers.
    Notes: Barbados National Housing Corporation provides government subsidized housing loans for low-income borrowers.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Data from Commercial Banks, Non-Banking Financial Institutions and Credit Unions. Data not available for National Housing Corporation, which provides affordable housing loans.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Housing Credit Fund operates as a second tier mortgage market wholesaler and provide funds to financial institutions which in turn on-lend to individual borrowers.
    Notes: Median value from leading commercial banks.
    Notes: No underwriting provisions in "credit risk management" section of bank supervision.
    Notes: No underwriting provisions in "credit risk management" section of bank supervision.
    Notes: No underwriting provisions in "credit risk management" section of bank supervision.
    Notes: No underwriting provisions in "credit risk management" section of bank supervision.
    Notes: The National Housing Corporation (NHC) primarily works to build housing projects in various regions of Barbados. They also offer more affordable mortgage options for citizens that qualify for this government housing. Outstanding loan balances by the NHC are negligible in size and are not reported by the central bank.
    Notes: This number reflects non-performing mortgage loans as a percentage of all mortgage loans for commercial banks, which issue the majority of mortgage loans in Barbados.
    Notes: This number reflects non-performing mortgage loans as a percentage of all mortgage loans for commercial banks, which issue the majority of mortgage loans in Barbados.
    Notes: This number reflects non-performing mortgage loans as a percentage of all mortgage loans for commercial banks, which issue the majority of mortgage loans in Barbados.
    Notes: This number reflects non-performing mortgage loans as a percentage of all mortgage loans for commercial banks, which issue the majority of mortgage loans in Barbados.
    Notes: Those with loans over 80% LTV need to pay for PMI (private mortgage insurance) for any mortgages from the NHC.
    Notes: Up to such value