What do I need to know when buying property in Botswana?
When we asked expats what advice they would give a foreigner before buying a property in Botswana, they said...
"1. It is important to research the area you are interested in buying property in, as well as the local laws and regulations that may affect your purchase. 2. It is also important to ensure that you have the necessary funds to purchase the property, as well as any additional costs associated with the purchase. 3. You should also consider the potential for capital gains when buying property in Botswana, as the country has seen strong economic growth in recent years. 4. It is also important to ensure that you have the necessary documents and paperwork in order before making a purchase, such as a title deed and a valid deed of sale. 5. You should also be aware of any taxes or fees that may be applicable to the purchase of property in Botswana, such as transfer taxes and stamp duty. 6. Finally, it is important to ensure that you have the necessary legal advice and representation when making a purchase, as this can help to ensure that the transaction is completed smoothly and without any issues," remarked another expat who made the move to Botswana.
Other Questions:
- What do I need to know before retiring in Botswana?
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- Where will I buy groceries and do other shopping in Botswana?
- What are the visa & residency requirements in Botswana?
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- What do I need to know when buying property in Botswana?
- Are foreigners allowed to own property in Botswana?
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What do I need to know when buying property in Botswana?
If you live in Botswana, newcomers to Botswana would love to hear your answer to this question: