General Assessment

    Variable(2015)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
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    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: Acquisition of Property = House & Land Purchases + Home Construction & Renovation
    Notes: As of the end of May 2010. Represents a 23.9% increase in housing stock since 2001.
    Notes: Axcel Finance is a micro-finance company whose "personal loans for education, home improvement,… are a a significant proportion of Axcel Finance's loan portfolio."
    Notes: Axcel Finance is a micro-finance company whose "personal loans for education, home improvement,… are a a significant proportion of Axcel Finance's loan portfolio."
    Notes: Calculated as (USD converted) median of range defined as "basic home costs between EC$110,000 to 190,000 depending on the material used" (Page 9).
    Notes: Commercial banks, which possess the vast majority of residential mortgages, all use standard underwriting principles such as max term, and qualifying income.
    Notes: Second largest source of mortgage funding is from the government through the SLMFC and SLDB.
    Notes: St. Lucia has scored a total score of 0, the lowest score possible, in the World Bank's "Depth of credit information index." This rating, along with the knowledge that there is a presence of a credit bureau in St. Lucia, shows that there are substantial roadblocks to transparent and readily available credit information.
    Notes: St. Lucia Mortgage Finance Company was established in 1968 and operates under an agreement with the Gov't of St. Lucia to provide loans for housing.
    Notes: St. Lucia Mortgage Finance Company was established in 1968 and operates under an agreement with the Gov't of St. Lucia to provide loans for housing.
    Notes: Stamp tax of 2% issued on transactions of property based on market value of the property at the time of the sale or else the selling price.
    Notes: The current property tax system provides a tax free allowance of (ECD) $200,000 on the market value of rental properties.
    Notes: The current property tax system provides a tax free allowance of (ECD) $200,000 on the market value of rental properties.
    Notes: The St. Lucia Times reports on the Chairman of the NHC declaring that the NHC is insolvent. It had not released any audited financial statements since 2011, when the company is expected to have entered its dire situation. Thus while the NHC had previously offered down-payment subsidies to potential home-buyers, since 2011 it can be assumed to have not served this function.
    Notes: The St. Lucia Times reports on the Chairman of the NHC declaring that the NHC is insolvent. It had not released any audited financial statements since 2011, when the company is expected to have entered its dire situation. Thus while the NHC had previously offered down-payment subsidies to potential home-buyers, since 2011 it can be assumed to have not served this function.
    Notes: The St. Lucia Times reports on the Chairman of the NHC declaring that the NHC is insolvent. It had not released any audited financial statements since 2011, when the company is expected to have entered its dire situation. Thus while the NHC had previously offered down-payment subsidies to potential home-buyers, since 2011 it can be assumed to have not served this function.
    Notes: The St. Lucia Times reports on the Chairman of the NHC declaring that the NHC is insolvent. It had not released any audited financial statements since 2011, when the company is expected to have entired its dire situation. Thus while the NHC had previously offered down-payment subsidies to potential home-buyers, since 2011 it can be assumed to have not served this function.
    Notes: The St. Lucia Times reports on the Chairman of the NHC declaring that the NHC is insolvent. It had not released any audited financial statements since 2011, when the company is expected to have entired its dire situation. Thus while the NHC had previously offered down-payment subsidies to potential home-buyers, since 2011 it can be assumed to have not served this function.