When it comes to homeownership in Zambia, one of the key decisions to make is whether to buy an existing property or embark on the journey of building a new home. Although building is often the default route taken by most potential homeowners currently, both options have their advantages and considerations that you should carefully evaluate. Let’s explore some of the pros and cons of buying versus...
Are you searching for a serene and modern living experience in Lusaka, Zambia? Look no further than this newly built housing complex in Roma Park, a highly sought-after gated community located in Lusaka close enough to essentials yet far enough from the noise of the city. This upmarket project boasts well-planned greenery and is designed to offer comfort and relaxation to tenants and visitors. The...
Are you a landlord in Zambia? Do you know your obligations when it comes to rental income tax? Rental income is subject to tax in Zambia, and landlords need to understand their tax obligations to avoid penalties and ensure compliance. In this guide, we'll cover everything you need to know about rental income tax in Zambia. Understanding Rental Income Tax in Zambia Rental income tax is a tax on the...
Statement on the Stamping out of Illegal Estate Agents in Zambia by Mr. Bryan Mushota Tembo, President of the Zambia Institute of Estate Agents (ZIEA) In pursuance of our new Mission Statement as an Institute, which is “To enhance professionalism in estate agency by stamping out illegal estate agents,” the Institute has commenced discussions with the Government of the Republic of Zambia as well as...
In the world of insurance, home insurance policies are often one of the most comprehensive ones. Typically, a home insurance policy will provide all-round protection which covers you, your house, your family members and also any liability which may arise. The case may not be so with other types of policies like auto insurance policies which only cover third party liability and damages relating to...
Property insurance is an insurance product that provides coverage for a building structure(s) and its contents against natural or manmade calamities. The coverage provided by the property insurance is not fixed and often varies depending on the type of insurance taken and the needs of the consumer. To begin with, property insurance is essentially designed to cover private homes and their contents. Premium...
How to Find Real Estate in Zambia in 2021 – Stay Safe! How does one find real estate in Zambia in a more efficient, time saving – safer way? Looking for real estate in Zambia can often be a somewhat frustrating process. With limited online data and trustworthy information on expected prices and standards, the process can easily turn frustrating. More especially if you do not use the right estate agent...
Just how much should you spend on rent? This will depend on several factors and your preferred lifestyle choices but some general rules are available for you to follow. Given the high mortgage interest rates and cost of construction in Zambia, it is no surprise that over 60 per cent of urban dwellers are renting1. With this high percentage of people expected to be renting, rental property in certain...
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Finding The Right Fit Property Manager Finding the right fit property manager for your property investment can make the difference between success or failure for your investment. You will typically find property managers in all segments of the market so it is important to find the right fit for you and your investment property. Here are some quick tips to help you achieve this; Branding The outward...