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Financial Information for the Residential Property Buyer

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Africa

Roundtrip Transaction Costs in Africa

Footnote | Export Sort: Alphabetically | Ascending Rank | Descending Rank

Click name of country for detailed information
Nigeria 29.44%
Senegal 25.13%
Reunion Is. 24.05%
Zambia 16.50%
Mauritius 16.24%
Namibia 14.65%
South Africa 14.65%
Cape Verde 13.50%
Ghana 12.13%
Seychelles 12.00%
Tanzania 11.80%
Uganda 10.05%
Gambia 7.50%
Botswana 7.24%
Zimbabwe 7.20%
Kenya 5.13%

Africa: Round trip transaction costs (%).

The total cost of buying and then re-selling a residential property, including all costs (except the sale price itself), expressed as percentage of the property value.

Assumptions:

  • The property is purchased by a non-resident foreigner in the country where he/she is buying
  • The property is worth US$250,000 (250,000 for Europe)
  • The property is paid in cash
  • The property is a condominium located in a major city
  • The property is not newly-built
  • The property is bought from an individual and not a developer or real estate holding company.


Transaction costs can be broken down into four major cost areas:

  • Registration costs
  • Real estate agent fees
  • Legal fees
  • Sales and transfer taxes


Other incidental costs (survey fees, residency permit cost, or company setup costs), are not included in our calculations. In most cases value added tax (VAT) is not included, because our figures reflect the purchase of old, not new, properties.

Costs paid by buyers and sellers vary widely. Agents and lawyers costs are often negotiable. Buyers of expensive properties often pay proportionately lower agents fees. For the full spectrum of possible transaction costs see the Country | Buying Guide.

For fuller details see the Data FAQ.

Source: Global Property Guide Research

Statistics for Africa. Africa is a desert so far as house-price statistics are concerned. The exception is South Africa, where ABSA Group releases good house price data, and has a monthly house price index.

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