Global Property Guide

Financial Information for Residential Property Buyers


Buying costs are low in Botswana

Last Updated: July 03, 2018

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

Transaction Costs

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




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 100,000 (US$10,000)
Source: Global Property Guide

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