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)CivilCivilCivilA.1.1
    Registration/Transfer of titles:A.1.3
    Typical number of days needed for the transfer of title3.503.503.50
    WDI
    		A.1.3.4
    Is there specialized legislation covering:A.1.9
    B. Housing Finance Subsidies
    B.1 Subsidies to Housing Finance Institutions
    B.2 Subsidies to Households
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Are there subsidies to households on housing finance?YesYesYesB.2.1
    Interest rate subsidies by special government fundsYesYesYesB.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
    back to top | Country Data:
    Notes: Although being wound down by the Icelandic government on a 30 year track--the HFF still holds a majority of the country's housing debt. The HFF is independently funded, i.e. it issues general corporate bonds on the open market to fund lending.
    Notes: Although being wound down by the Icelandic government on a 30 year track--the HFF still holds a majority of the country's housing debt. The HFF is independently funded, i.e. it issues general corporate bonds on the open market to fund lending.
    Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
    Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
    Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
    Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
    Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
    Notes: Housing Finance Fund lacks data for their mortgages outstanding in 2013. The balance was thus calculated as the average of the outstanding balances in 2012 and 2014.
    Notes: Important to note that there are significant changes being implemented by Icelandic government to get rid of HFF on a incremental basis over the next 30 years. They plan to continue servicing their debt obligations but to wind down mortgage lending.
    Notes: Important to note that there are significant changes being implemented by Icelandic government to get rid of HFF on a incremental basis over the next 30 years. They plan to continue servicing their debt obligations but to wind down mortgage lending.
    Notes: Important to note that there are significant changes being implemented by Icelandic government to get rid of HFF on a incremental basis over the next 30 years. They plan to continue servicing their debt obligations but to wind down mortgage lending.
    Notes: Important to note that there are significant changes being implemented by Icelandic government to get rid of HFF on a incremental basis over the next 30 years. They plan to continue servicing their debt obligations but to wind down mortgage lending.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
    Notes: Values found are based on HFF, which currently issues large majority of mortgage loans in Iceland.
    Notes: Values found are based on HFF, which currently issues large majority of mortgage loans in Iceland.
    Notes: Values found are based on HFF, which currently issues large majority of mortgage loans in Iceland.