cost of lands and buildings

verified average costs


LAND AND BUILDINGS COSTS Average Cost of buying bare land Costs in US$ per m2 Commercial Residential Location Industrial Zones Other Areas Lusaka 40 20 12 Kitwe 20 15 7 Ndola 20 15 7 LivingStone 12 10 5 Cost of Renting Empty Factory Costs in US$ per m2 Location Industrial Zones Other Areas Lusaka 8 to 15 8 to 15 Kitwe 4 to 6 3 to5 Ndola 3 to 5 2 to 4 LivingStone 5 to 8 4 to 6 Annual Ground Rates Annual Rates (%) of property value Location Commercial Residential Lusaka 0.4 0.2 Land Rentals Monthly Rental Rates in US$ per m2 Location Prime Office Factory Lusaka 16 3.0 Kitwe 10 2.0 Ndola 9 2.0 LivingStone 9 2.0 Average Construction Costs of Factory Building US$ per m2 Factory with reinforced concrete structure 390 to 450 Steel portal frame on reinforced concrete 390 to 450 Factory with clean room facilities 400 to 500 BSources: http://www.zda.org.zm/cost/en/Cost%20of%20Doing%20Business/Land%20and%20Buildings%20Costs