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2017

Your Prospects for Success in Zambian Real Estate for 2018

Your Prospects for Success in Zambian Real Estate for 2018 What are your prospects for success in Zambian real estate for 2018? Can you increase your potential success? Are you interested in real estate? Most likely YES right... Are you interested in Zambian Real Estate? Well, you should be! Come join BCA Properties as we host key industry stakeholders in the real estate sector to discuss trends,...

Buying Property in Zambia Is Not So Easy

6 Reasons to Use Real Estate Agents from the Zambia Institute of Estate Agents – Part 3 Reason 3: Buying Property in Zambia Is Not So Easy Buying property in most parts of the world is not as easy as 1 2 3 to be honest. Some buyers find it a complete hustle having to deal with all the necessary procedure needed to ensure your property investment is legal and worthwhile. This is no different in Zambia,...

Selling Real Estate in Zambia Can Be Complicated

6 Reasons to Use Real Estate Agents from the Zambia Institute of Estate Agents – Part 2 Selling Real Estate in Zambia Can Be Complicated As with most businesses, real estate is also affected by changes in technology. In 2017, it seems our need for human help is ever-diminishing with the many disruptive technological innovations being developed rapidly. We have self-service airtime purchase machines,...

Why Working With A Real Estate Agent Benefits You

Assurance of the ZIEA Wondering what benefits you get engaging a real estate agent in your property transactions? There has been growing displeasure with services offered by "real estate agents" in Zambia, evident by the growing number of "anti-agent" peer to peer real estate platforms in an attempt to avoid using real estate agents. Common reason that has led to this has been the general public perception...

What are prospective tenants looking for?

What do prospective tenants look for? Every rational prospective tenant will have a checklist either mentally or on paper of what they are looking for in a rental property. This is what the screening process entails in part when screening potential tenants by your property manager. The more ticks your property gets on the prospective tenant’s checklist, the better chance of letting the property fairly...

Property Transfer Tax in Zambia: Obligations on Property for Sell

Who pays property transfer tax in Zambia? A common question sometimes in property transactions once the ideal real estate is found and buyer wants to move on transaction. Let’s begin by adding some definitions: Property in this case will be regarded as any land in Zambia including any buildings or additions made to or on the land at the time the transfer is effected or made. Property Transfer Tax (PTT)...

Your Tax Obligations on Rental Property

Give to Caesar that which belongs to Caesar. A little difficult most times to know everything that belongs to Caesar, perhaps Caesar owns far too much? Regardless, it is important to be compliant and avoid running into any potential trouble with the law. Ignorance is no defense. Recently, the Zambia Revenue Authority (ZRA) has been implementing a number of strategies to increase public awareness and...

10 Tips to get your property ready for rent

So, you have property and you want to rent it out. There are a few things which are good to know to get your property rented fast for a good price. The key is to remember that it is not you who will live in your house, but it is your tenant. Take care to buy things that are hard wearing, easily cleaned, functional and long lasting. Here are some tips, feel free to add to the list: Add a bit of wow...

What Affects Perceived Property Value

Some of the features that help increase perceived property values are obvious-like a re-modeled bathroom, a modern kitchen, or a sought-after neighbourhood. But here are a few features and circumstances you may not have realised can affect your property values. The neighbours: Not every neighbourhood or community has an appealing perceived surrounding or neighbourhood. Your surrounding neighbours’...

Some Real Estate Terms to Know

Acceptance An offeree's consent to enter into a contract and be bound by the terms of the offer. Appreciation An increase in the value of a property due to changes in market conditions or other causes. The opposite of depreciation. Assessed value The valuation placed on a property by a public tax assessor for purposes of taxation. Assessment The process of placing a value on property for the strict...

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