The Real Cost of Buying a House in Zimbabwe: What Most Buyers Miss

Buying a house in Zimbabwe is a big financial commitment—and while the property price is top of mind, many buyers overlook the additional costs that can significantly affect your budget.

This guide outlines all the hidden and upfront costs you should expect when buying a house in Zimbabwe, with local examples, average price ranges, and expert tips to help you plan smartly.

1. Purchase Price of the Property

This is the main cost and typically the headline figure you see in listings on Property.co.zw.

• Average property prices in Harare (2024):
  
  
  • Borrowdale: US$280,000+
  • Msasa Park: US$95,000 – $130,000
  • Ruwa: US$45,000 – $70,000
    

Tip: Negotiate based on comparative listings and check price trends per suburb to avoid overpaying.

2. Agreement of Sale & Legal Fees

You’ll need a lawyer to draft or review the Agreement of Sale, ensuring that the transaction is legally sound.

• Legal fees range from US$300 – US$800, depending on complexity.
  
• The lawyer also handles due diligence and assists with ownership verification.
  

3. Transfer Fees (Deeds Office)

If the property has title deeds, transfer of ownership must be registered at the Deeds Registry.

• Transfer duty (capital gains tax): Typically 5% of the property value, paid by the seller but often factored into the sale price.
  
• Conveyancer’s fee (registered lawyer): Around 2–4% of the purchase price.
  
• Deeds Office registration fee: Usually US$50 – $100.
  
  

Example: For a house priced at US$100,000, total transfer-related costs can range from US$2,000 to US$4,500.

4. Valuation & Inspection Fees

Before buying, it’s wise to conduct a valuation and structural inspection:

• Valuation report (needed for financing): US$100 – $500
• Private building inspection: US$50 – $200
  

These help confirm the property's real value and condition.

5. Mortgage or Home Loan Fees (if applicable)

If you're using bank financing:

• Loan application fee: Often 1–2% of the loan amount
  
• Mortgage registration fee
• Insurance (fire and life cover may be mandatory)
  

Tip: In 2024, CBZ Bank, FBC Bank, and NMB are among the institutions offering mortgages in USD and ZWL.

6. Utility Connection & Council Fees

If the house is new or in a developing suburb:

• ZESA connection: US$300 – $600
• Water and sewer connections: US$200 – $500
• Local rates clearance fees (required at transfer): Varies by council
  

7. Commission for Estate Agents

Estate agents typically charge 3–5% of the sale price in commission, usually paid by the seller. However, it's good to confirm this upfront, especially in private sales or developer deals.

8. Moving Costs

Don’t forget about the cost of transporting furniture, temporary storage, and renovations:

• Local movers in Harare charge from US$80 – $300
• Touch-ups like painting or fittings can add US$500 – $2,000
  

Pro Tips to Save Money When Buying Property in Zimbabwe

• Compare suburbs for affordability on Property.co.zw.
  
• Always get independent valuations and inspections.
  
• Work with a licensed conveyancer to avoid legal pitfalls.
  
• Budget an extra 7–10% on top of the purchase price to cover hidden costs.
  

Final Thoughts

Buying a house in Zimbabwe is exciting—but the real cost goes beyond the asking price. Whether you're buying in Harare, Bulawayo, or smaller towns, having a realistic and comprehensive budget will help you secure a property without financial surprises.

Visit Property.co.zw to find verified listings, pricing insights, and the latest property trends in Zimbabwe.

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