Global Property Guide

Financial Information for the Residential Property Buyer


Buying costs are low in Botswana

Last Updated: December 14, 2016

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$21,905) 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$16,429) 0
150,000 – 200,000 (US$21,906) 3,800 (US$416)
200,000 – 300,000 (US$32,859) 4,300 (US$471)
300,000 – 400,000 (US$43,812) 4,800 (US$526)
400,000 – 500,000 (US$54,765) 5,300 (US$581)
500,000 – 600,000 (US$65,717) 5,600 (US$613)
600,000 – 700,000 (US$76,670) 6,000 (US$657)
700,000 – 800,000 (US$87,623) 6,350 (US$696)
800,000 – 900,000 (US$98,576) 6,700 (US$734)
900,000 – 1,000,000 (US$109,529) 7,050 (US$772)
Over 1,000,000 (US$109,529) 250 (US$29) for every 100,000 (US$10,953)
Source: Global Property Guide

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