Continue with Facebook
Continue with Email
1. Overview of Property Buying Costs in Zimbabwe
When buying property in Zimbabwe, the purchase price is only the beginning. Buyers need to account for several additional transactional costs, which can add 5–10% of the property value, or even up to 15% for high-value properties.
2025 Market Stats:
- Average 3-bedroom house: US $135,000
- Average 4-bedroom house: US $150,000
- Cash buyers typically spend an extra US $7,000–$15,000 in fees and taxes beyond the purchase price.
2. Breakdown of Costs
A. Legal and Conveyancing Fees
- Usually 1.5%–3% of the purchase price
- Covers the services of a registered conveyancer who handles document verification, drafting transfer documents, and liaising with the Deeds Office.
- Example: For a US $150,000 property, legal fees can range between US $2,250–$4,500.
B. Deeds Office Transfer Fees
- Charged based on a sliding scale depending on the property value.
- Typical fees range from 0.5%–2% of the purchase price.
- These fees secure registration of the new owner at the Deeds Office.
C. Stamp Duty
- Applicable on agreements of sale and some property transactions.
- Often 1%–2% of the property value.
- Buyers should budget this upfront to avoid delays in processing.
D. Capital Gains Tax (CGT)
- Payable on property sales if not your primary residence.
- Rates vary: around 5% for primary residences, higher for investment or secondary properties.
E. Valuation and Inspection Fees
- Property valuation by a registered valuer: US $100–$500
- Structural inspection and surveys: US $150–$400
- Ensures the property value aligns with market pricing and identifies any structural issues.
F. Estate Agent Commission
- Typically 3%–5% of the sale price, usually covered by the seller, but buyers may indirectly factor it into negotiations.
G. Utility Connection & Renovation Costs
- ZESA connection: US $300–$600
- Water and sewer connections: US $200–$500
- Minor renovations or moving expenses: US $500–$2,000
3. Total Estimated Costs
|
Property Value |
Legal Fees (1.5–3%) |
Transfer & Stamp Duty |
Valuation & Inspection |
Estimated Total Extra Costs |
|
US $100,000 |
US $1,500–$3,000 |
US $1,500–$3,000 |
US $250–$900 |
US $3,250–$6,900 |
|
US $150,000 |
US $2,250–$4,500 |
US $2,250–$4,500 |
US $250–$900 |
US $4,750–$9,900 |
|
US $250,000 |
US $3,750–$7,500 |
US $3,750–$5,000 |
US $250–$900 |
US $7,750–$13,400 |
Tip: Always ask your conveyancer to provide an itemized cost estimate before signing an Agreement of Sale to avoid surprises.
4. Hidden Costs and Considerations
- Outstanding municipal rates or levies: Must be cleared before transfer.
- Bond registration fees (if using a mortgage): 1–2% of loan value.
- Insurance: Consider homeowner or bond insurance for protection against fire, theft, or natural hazards.
5. Pro Tips for Buyers
- Budget for 5–10% extra beyond the property price to cover all fees and taxes.
- Engage an experienced conveyancer to navigate Deeds Office requirements efficiently.
- Request municipal clearance certificates before committing.
- Negotiate minor repairs or renovations before signing to reduce overall costs.
- Confirm mortgage terms and bank fees early if financing the purchase.
Summary
Buying property in Zimbabwe involves a combination of purchase price, legal fees, transfer and stamp duties, taxes, and inspections. By understanding the full cost picture, buyers can plan budgets more accurately, avoid delays, and ensure a smooth property transfer process.
