Global Property Guide

Financial Information for Residential Property Buyers


Buying property costs are quite low in Zimbabwe

May 14, 2018

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

Transaction Costs

Who Pays?
Conveyancer Fee 1% - 4% buyer
Stamp Duty 1% - 4% buyer
Registration Fee US$20 buyer
Costs paid by buyer 2.25% - 8.70%
Costs paid by seller
ROUNDTRIP TRANSACTION COSTS 2.25% - 8.70%
See Footnotes
Source: Global Property Guide

How difficult is the property purchase process in Zimbabwe?




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.

Conveyance Fee
Conveyancer fees are around 1% to 4% of the property value.

CONVEYANCER FEE

PROPERTY VALUE, US$
RATE
Up to US$10,000 US$400
US$10,000 - US$250,000 4%
US$250,000 - US$500,000 3%
US$500,000 - US$1 million 2%
Over US$1 million 1%
Source: Global Property Guide

Stamp Duty
Stamp duty is levied at progressive rates, from 1% to 4%, depending on the property value.

STAMP DUTY

PROPERTY VALUE, US$
RATE
Up to US$5,000 1%
US$5,000 - US$20,000 2%
US$20,000 - US$50,000 3%
Over US$50,000 4%
Source: Global Property Guide

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