Under the Land Act 2016, foreigners cannot own freehold land; they are restricted to leaseholds for a maximum of 50 years (renewable). For private isl... Read Moreands in Lake Malawi, the government often retains ownership of specific zones (like lighthouses or conservation strips). Buyers must apply to the Minister of Lands for consent. Closing costs include a 3% Stamp Duty and legal fees. Ensure the title is "unencumbered," as customary claims on lakefront land are common. Read Less