Diaspora payments

Avoiding Payment Delays

International transfers can take several business days depending on the banks involved.

Bank Transfer Checklist

Before sending funds internationally, confirm all payment details with the authorised recipient.

Choosing a Payment Method

The appropriate payment method depends on the terms of the transaction, the authorised recipient and the payment timeline.

Confirming Funds Received

After making a payment, obtain confirmation that the funds have been received and allocated correctly.

Currency Conversion Planning

Planning when to convert currency can help buyers manage the overall cost of an international property purchase.

Diaspora Buyer Payment Timeline

Match every payment to the Agreement of Sale and retain supporting documentation.

Diaspora Payment Best Practices

Diaspora Payment FAQ

Yes, provided all legal requirements are met and authorised representatives are used where necessary.

Diaspora Payment Security

Protect your funds by verifying every payment instruction before transferring money.

Direct Payments to Developers or Sellers

Some transactions allow buyers to pay developers or sellers directly instead of using escrow.

Escrow vs Direct Payment

Property buyers may pay through an escrow arrangement or directly to the authorised seller or developer, depending on the transaction.

Exchange Rate Checklist

Exchange rates can affect the total cost of buying property from abroad.

International Money Transfers

Before sending funds, confirm the payment instructions with the authorised recipient.

Managing Currency Risk

Exchange rate movements can affect the final cost of purchasing property from abroad.

Paying for Off-Plan Property from Abroad

Off-plan developments often require staged payments linked to construction milestones.

Paying for Property from Abroad

Zimbabweans living abroad can purchase property by transferring funds directly to an approved recipient, such as an escrow account, conveyancer, developer or seller, depending on the transaction struc

Paying in Instalments

Some developers offer staged payment plans for off-plan or new developments.

Payment Records and Compliance

Maintain a complete record of every payment made during the property purchase.

Sending Deposits from Abroad

Diaspora buyers often pay a reservation fee or deposit before completing the purchase.

Understanding Transfer Fees

International payments may include transfer charges, intermediary bank fees and foreign exchange costs.

Using an Escrow Account

An escrow account can provide additional security by holding funds until agreed conditions have been met.