Buying property costs are quite low in Zimbabwe
Taxation Researcher | June 18, 2021
How high are realtors´ and lawyers´ fees in Zimbabwe? What about other property purchase costs?
Transaction Costs |
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| Who Pays? | ||
| Conveyancer Fee | 1% - 4% | buyer |
| Stamp Duty | 1% - 4% | buyer |
| Registration Fee | US$20 | buyer |
| Costs paid by buyer | 2.25% - 8.70% | |
| Costs paid by seller | ||
| ROUNDTRIP TRANSACTION COSTS | 2.25% - 8.70% | |
| See Footnotes Source: Global Property Guide |
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How difficult is the property purchase process in Zimbabwe?
Footnotes to Transaction Costs Table
The round trip transaction costs include all costs of buying and then re-selling a property - lawyers´ fees, notaries´ fees, registration fees, taxes, agents´ fees, etc.
Conveyance Fee
Conveyancer fees are around 1% to 4% of the property value.
CONVEYANCER FEE |
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| PROPERTY VALUE, US$ | ||
| 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$1 million | 1% | |
| Source: Global Property Guide | ||
Stamp Duty
Stamp duty is levied at progressive rates, from 1% to 4%, depending on the property value.
STAMP DUTY |
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| PROPERTY VALUE, US$ | ||
| 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 | ||