Buying costs are low in Botswana
How high are realtors´ and lawyers´ fees in Botswana? What about other property purchase costs?
Transaction Costs |
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| Who Pays? | ||
| Transfer Duty | 5% | buyer |
| Conveyance Fee | 1% - 3% (+ 12% VAT) | buyer |
| Costs paid by buyer | 6.12% - 8.36% | |
| Costs paid by seller | 0% | |
| ROUNDTRIP TRANSACTION COSTS | 6.12% - 8.36% | |
| See Footnotes Source: Global Property Guide |
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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.
Transfer Duty
Transfer duty is levied at a flat rate of 5% on the property value exceeding BWP200,000 (US$20,000) for urban properties.
For nonresident individuals purchasing agricultural property, the transfer duty is levied at a flat rate of 30%.
Conveyance Fee
Conveyance fees are around 1% to 3% of the property value, plus 12% VAT. Conveyance fees are levied at the following rates:
CONVEYANCE FEE |
|
| PROPERTY VALUE, BWP (US$) | RATE, BWP (US$) |
| Up to 150,000 (US$15,000) | 0 |
| 150,000 - 200,000 (US$20,000) | 3,800 (US$380) |
| 200,000 - 300,000 (US$30,000) | 4,300 (US$430) |
| 300,000 - 400,000 (US$40,000) | 4,800 (US$480) |
| 400,000 - 500,000 (US$50,000) | 5,300 (US$530) |
| 500,000 - 600,000 (US$60,000) | 5,600 (US$560) |
| 600,000 - 700,000 (US$70,000) | 6,000 (US$600) |
| 700,000 - 800,000 (US$80,000) | 6,350 (US$635) |
| 800,000 - 900,000 (US$90,000) | 6,700 (US$670) |
| 900,000 - 1,000,000 (US$100,000) | 7,050 (US$705) |
| Over 1,000,000 (US$100,000) | 250 (US$25) for every BWP100,000 (US$10,000) |
| Source: Global Property Guide | |
