Africa: Round trip transaction costs (%).
The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.
Transaction costs can be broken down into four major cost areas:
Other incidental costs (survey fees, residency permit cost, or company setup costs), are not included in our calculations. In most cases value added tax (VAT) is not included, because our figures reflect the purchase of old, not new, properties.
Costs paid by buyers and sellers vary widely. Agents and lawyers costs are often negotiable. Buyers of expensive properties often pay proportionately lower agents fees. For the full spectrum of possible transaction costs see the Country | Buying Guide.
For fuller details see the Data FAQ.
Source: Global Property Guide Research
Statistics for Africa. Africa is a desert so far as house-price statistics are concerned. The exception is South Africa, where ABSA Group releases good house price data, and has a monthly house price index.
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