Global Property Guide

Financial Information for Residential Property Buyers


Buying property costs are moderate in Zambia

May 10, 2018

How high are realtors' and lawyers' fees in Zambia? What about other property purchase costs?

Transaction Costs

Who Pays?
Transfer Tax 5% buyer
Registration Fee 1% buyer
Legal Fee 2.50% - 5%
2.50% - 5%
buyer
seller
Costs paid by buyer 6.50% - 11.00%
Costs paid by seller 2.50% - 5%
ROUNDTRIP TRANSACTION COSTS 7.00% - 16.00%
See Footnotes
Source: Global Property Guide

How difficult is the property purchase process in Zambia?




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 Tax
Transfer tax is levied at a flat rate of 5% on the selling price of the property or the market value of the property, whichever is higher.

Registration Fee
Registration gee is levied at a flat rate of 1% of the property value.

Legal Fee
Legal fees are generally around 5% to 10% of the property value. Legal fees are negotiable but must not exceed 10% of the property value. The buyer and seller each employ a lawyer for the transaction.

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