Real Estate

When considering a neighbourhood for your property investment, there are several factors to take into account before consulting with your broker. Here are some valuable tips to help you choose the ideal neighbourhood for your property investment. 1. Neighborhood Characteristics The neighbourhood itself plays a crucial role in attracting quality tenants and determining vacancy rates. Investing in an...

NOTE: 2022 Update here: 2022 Budget Changes on Rental Income Taxation 14th February 2018 Issued by Topsy Sikalinda Corporate Communications Manager Zambia Revenue Authority (ZRA) ZRA CALLS ON ALL TENANTS AND LANLORDS TO REGISTER FOR WITHHOLDING TAX ON RENTAL INCOME The Zambia Revenue Authority (ZRA) has given an opportunity to all landlords and tenants that are not registered and are not...

Reason 4: Your Real Estate Matters - Our Top Priority & Focus Why should you use a real estate agent? As a property owner, you have various responsibilities and priorities that demand your attention. Your job, family, and other businesses may divide your focus, making it difficult for you to fully concentrate on selling or renting out your real estate. Since handling real estate is our main business,...

6 Compelling Reasons to Choose Real Estate Agents from the Zambia Institute of Estate Agents (ZIEA) - Continued... Reason 5: We Understand the Zambian Real Estate Market and Learn from Key Players Why Should You Use a Real Estate Agent? So, you've made up your mind to dedicate sufficient time to prioritize the sale or rental marketing of your property and the related activities. But do you possess an...

The rental price advertised for a rental property is known as the asking rental price. This amount may or may not include additional costs such as utility bills and taxes. Both tenants and property owners need to be aware of the tax obligations associated with rental properties, including withholding tax. If you are unfamiliar with these obligations, we recommend reading the article titled "Your Tax...

Reason 3: Simplifying Property Buying in Zambia Purchasing property is a complex process in many parts of the world, and Zambia is no exception. Without proper guidance, buyers can encounter numerous challenges and face the risk of investing in properties without proper due diligence. In this article, we explore how using a real estate agent registered with the Zambia Institute of Estate Agents (ZIEA) can...

The real estate industry in Zambia has been influenced by technological advancements, leading some to question the necessity of real estate agents. However, despite the availability of online property portals for advertising, there are distinct advantages to utilizing the services of certified agents from the Zambia Institute of Estate Agents (ZIEA). In this article, we highlight six reasons why working...

Engaging a reliable and trustworthy real estate agent is essential for smooth property transactions. In Zambia, there has been a growing dissatisfaction with certain "real estate agents," leading to the emergence of peer-to-peer platforms aimed at bypassing agents. This dissatisfaction stems from the public perception of agents as untrustworthy and unprofessional individuals solely interested in quick...

Prospective tenants approach the rental property search with specific criteria in mind. Understanding their preferences and needs is crucial during the tenant screening process. The more boxes your property ticks on their checklist, the higher the chances of securing a tenant quickly and maintaining a long-term tenancy. Here are some essential factors that prospective tenants consider when...

When engaging in property transactions in Zambia, one common question arises: Who pays the property transfer tax? In this article, we will provide clear definitions and explanations to help you understand this aspect of real estate transactions. Defining Property and Property Transfer Tax: In Zambia, property refers to any land, including buildings and additions made to or on the land at the time of...