Pros and Cons of Customary land

#zambia #land #howtobuyproperty #diasporaconnect #zambianrealestate #propertyinzambia #landinzambia
Approximately over 70% of land in Zambia is officially designated as customary land.
I know this is something that interests many of you because I’ve gotten a lot of questions about traditional land.
So in today’s video I share the pros and cons of traditional or customary land.
I hope this video will shed some light on it and give you more information on what it means to acquire traditional land.
Our sole objective at Diaspora Connect is to help you buy property back home in a safe and reliable way.
For more information on our services contact us on:
Email: [e-mail]
WhatsApp: [phone]
Follow us on social media:
Facebook: / buyingproper. .
Twitter: @BuyPropertyZambia
Instagram: buying property in Zambia

[@BuyingPropertyinZambia]

Having listened to the pros and cons, is buying traditional land a good investment?

[@bigwilattitude]

Insightful. Though, just thought I should say, that all cons stated can easily be mitigated: - do not pay before engaging an independent registered surveyor to measure and place boundaries/beacons - other than having your name in the 'BOOK' (which is proof of custodianship), draft an independent signed agreement that stipulates yours and the headman's due diligence: no incumbrances, no family feuds, other buyers, encroachments, etc - be present in the community; in person or remotely - etc So if all risks are mitigated ...yes, it is a good investment. However if your plan is to quickly have titles and possibly borrow (or otherwise) against that land, then 'NO!'

[@BuyingPropertyinZambia]

Most comprehensive insights so far on the matter! BUT it still requires that the headman or woman is being 💯 honest. You're completely at their mercy

[@isaac-mambo]

Very interesting stuff..!🤔

[@BuyingPropertyinZambia]

Very - but you haven't said if it's a good investment??!!

[@NowegianRich]

I had to go through the Ministry of agriculture for accurate measurements for the size of the land. Their surveyor accompanied me to the site and found out that the land was NOT 160 hectares as the seller told me but nearer 200 hectares. They also helped me with all the documents required for purchase. I highly recommend them to anyone contemplating buying traditional land.

[@BuyingPropertyinZambia]

This is a very valuable piece of advice thank you!

[@jacksonnjovu100]

I personally think investing in traditional land requires extensive due diligence, understanding local customary laws, and consulting with legal experts to mitigate potential risks. one of cons is Difficulty in Obtaining Financing Banks and financial institutions might be hesitant to provide loans or financial support without formal land titles as collateral.

[@BuyingPropertyinZambia]

That's it exactly, you're almost going into what the next video is about 😆

[@wesleytapalu3888]

A really good analysis on traditional land. I guess the head person in the village or community has the overall powers in decision making. I believe the land can still be a good investment provided it benefits the community for example on job creation for the locals in return. A win win situation.

[@BuyingPropertyinZambia]

Yes the village authorities are very Influential in decision making, thanks for watching!

[@Bamidele-ee8ch]

How is traditional land transfered? is there any rituals or customs involved like kukhonta in Swaziland?

[@BuyingPropertyinZambia]

You go through the village headman or woman

[@randyshackelford3446]

Can a chief or senior chief be engaged directly instead of the village headman or woman?

[@randyshackelford3446]

Can a chief or senior chief be engaged directly instead of the village headman or woman?

[@randyshackelford3446]

Can a chief or senior chief be engaged directly instead of the village headman or woman?

[@randyshackelford3446]

Can a chief or senior chief be engaged directly instead of the village headman or woman?