Why Buy in Gambia

In the endless search for equity growth and rental yields property investors are searching further and further afield. Dubai, Bulgaria, Croatia and Turkey have all enjoyed their 15 minutes of fame as an overseas property hotspot and the markets there continue to thrive despite the threat of the bubble bursting. Costa de la Luz and Cape Verde are currently enjoying the limelight but a real opportunity lies on the West African coast in the former British colony of The Gambia. The Gambia is a 6 hour flight from London and has blossomed into a world class tourist resort over the last decade with five star hotels, fine dining, fantastic beaches, water sports, sports fishing and many other quality sporting and leisure pursuits. The Gambia is peaceful and stable. Crime rates and the cost of living are among the lowest in the world. Property ownership is part of the Gambian constitution and the conveyancing system is transparent and straightforward when done professionally. The Gambian government is totally committed to free enterprise. Luxury brand new four bedroom villas range from 80,000.00 GBP to 150,000.00 GBP dependant on location and proximity to the beaches. These properties can rent for up to 10,000.00 GBP per annum to United Nations or embassy staff. Building land is readily available and prices start from less than 1.00 GBP per square metre. Construction costs are a fraction of those in Europe and opportunities exist for commercial, residential, and tourist developments.