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Botswana is a politically stable and peaceful country in southern Africa with a growing economy and a proven record of good economic governance. Botswana was ranked as Africa's least corrupt country by Transparency International in 2004.
Botswana’s government welcomes foreign investors in various areas, including in the real estate market. The government actively seeks out foreign investment and is happy to sell land or properties to foreigners. Only tribal land and state land cannot be sold to foreigners.
Botswana abolished foreign exchange controls in 1999, has a low corporate tax rate (15%), no prohibitions on foreign ownership of companies, and a moderate inflation rate (7.6% November 2004). The government of Botswana is currently considering additional policies to enhance competitiveness, including a new Foreign Direct Investment Strategy, Competition Policy, Privatisation Master Plan, and National Export Development Strategy.
Property sales in all areas by foreign investors have increased over the last years, especially around the main centres of Gaborone and Maun. Initially, most foreigners were attracted by a strong mining sector but recently, more and more buy real estate as an investment in the tourism sector (holiday rental, lodges etc.). Attractive prices, a stable economy and a growing tourism industry make Botswana one of the best places for real estate investments.
The Botswana real estate market has seen a strong increase over the last years, first in the commercial and industrial sector, followed by the residential market. Rents and property prices are rising, particularly for higher-end properties.
If you are planning to purchase a property in Botswana you should always get legal advise by an independent expert professional. Local laws, taxes, money transfers and currency exchange as well as surveyors of the property or special requirements for foreigners are just some of the areas you will be confronted with. To make your property purchase successful and the least stressful it is always advisable to find professional support.
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The Republic of Botswana with a size of 231,788 mi² or 600,370 km² is a landlocked country, bordering with South Africa to the south, Namibia to the west, Zambia to the north and Zimbabwe to the northeast.
Formerly known as Bechuanaland, Botswana adopted its new name after becoming independent from Britain on 30 September 1966. Botswana is a member of the Commonwealth.
The capital and largest city is Gaborone, other major towns are Kanye, Maun, Francistown or Tshabong.
The two official languages are English and Setswana. With around 1,639,000 inhabitants (2007 estimates), Botswana has a population density of 3.0/km² or 7.8/sq mi.
The main ethnic groups are the Tswana (or Setswana)with 79%, the Kalanga 11% and the Basarwa 3%. More than 70% of Botswana’s population are Christians,
Botswana is predominantly flat and dominated by the Kalahari Desert which covers about 70% of the country and is located in the southwest of the country. 17% of the country is designated to national parks or 40% if private parks are included.
Botswana has diverse areas of wildlife habitat, including the Okavango Delta (the world's largest inland delta), the Kalahari Desert, grasslands and savannas in which amazing wildlife can be found, including antelopes, crocodiles, hippos, elephants, leopards, lions and many more.
Botswana’s main income is dominated by mining (especially diamonds), tourism, and cattle.