Buying property costs are quite low in Zimbabwe

October 24, 2016

How high are realtors´ and lawyers´ fees in Zimbabwe? What about other property purchase costs?

Transaction Costs

Who Pays?
Conveyancer Fee 1% - 4% buyer
Stamp Duty 1% - 4% buyer
Registration Fee US$20 buyer
Costs paid by buyer 2.25% - 8.70%
Costs paid by seller
ROUNDTRIP TRANSACTION COSTS 2.25% - 8.70%
See Footnotes
Source: Global Property Guide

How difficult is the property purchase process in Zimbabwe?




Footnotes to Transaction Costs Table


The round trip transaction costs include all costs of buying and then re-selling a property – lawyers’ fees, notaries’ fees, registration fees, taxes, agents’ fees, etc.

Conveyance Fee
Conveyancer fees are around 1% to 4% of the property value.

CONVEYANCER FEE

PROPERTY VALUE, US$
RATE
Up to US$10,000 US$400
US$10,000 – US$250,000 4%
US$250,000 – US$500,000   3%
US$500,000 – US$1 million 2%
Over US$1 million 1%
Source: Global Property Guide

Stamp Duty
Stamp duty is levied at progressive rates, from 1% to 4%, depending on the property value.

STAMP DUTY

PROPERTY VALUE, US$
RATE
Up to US$5,000 1%
US$5,000 – US$20,000 2%
US$20,000 – US$50,000 3%
Over US$50,000 4%
Source: Global Property Guide

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