The process of buying property in Zambia involves an important document known as the contract of sale. This formal agreement outlines the terms and conditions under which a seller agrees to sell a property and a buyer agrees to purchase it. When drafting your contract of sale, there are five essential elements that you should consider: 1. Two Parties: A valid contract of sale requires at least two...
How to Obtain a Title Deed in Zambia: A Comprehensive Guide Are you wondering how to acquire a title deed in Zambia? Understanding what a title deed is and the process involved is crucial. In this article, we will provide you with clear definitions and step-by-step instructions to help you navigate the process effectively. In simple terms, a title deed is a legally binding document that confirms...
We here at BCA Properties wish you a happy and prosperous year ahead! We look forward to providing you with the best service we can offer should you have any need for any of our services this year. From property management, finding real estate to buy or rent in Zambia and select international markets, to selling or letting real estate in Zambia. We are sure to assist as much as we possibly can with honest...
All Things Real Estate Subscriber Groups Now Available We love keeping in touch with all our contacts and clients alike. To ensure we stay in touch with all our contacts and clients cordially, we want to ensure we are communicating only the right content to your individual needs. We recognize that not all content fits all! For this reason, we have now segmented or grouped our subscribers based on...
Property Transfer Tax in Zambia: Special Cases So now that you understand your tax obligations on a property for sale, you need to also have an idea of the special cases that may apply with regard to property transfer tax (PTT) in Zambia. In a few special cases, you may be exempt from paying property transfer tax in Zambia. The following are some special cases that provide for exemptions at the time of...
Planning Your Mortgage for Your Real Estate Purchase in Zambia Investing in real estate is a wise decision, and owning your own home is a dream for many. However, it's crucial to plan your mortgage carefully to ensure a smooth and successful real estate transaction. Here are some steps to guide you in planning your mortgage for a real estate purchase in Zambia. 1. Assess Your Financial State Before...
Deciding between renting and flipping a residential investment property is an important choice for real estate investors. To determine the best strategy for your needs, it's crucial to understand the key differences between these two investment objectives. If you opt for flipping, you'll purchase a property at a discounted price to make quick improvements to increase its value. The goal is to resell the...
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...
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...
When it comes to increasing property values, certain features like a remodelled bathroom or a desirable neighbourhood are well-known. However, some additional factors and circumstances can influence property values in ways you may not have considered. In this article, we will explore some of these often-overlooked elements and their impact on property valuation. Neighbours and Surroundings: The appeal...