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Latest Property News
Overseas property investors searching for an emerging market to maximise their investments need to look at a destination that has been a winter holiday favourite. Investor confidence in Gambia has grown dramatically over the last few years. In some regions Gambian property prices have risen by 30% a year over the last two years this combined with visitor figures showing increase of 19.6% from the previous year mean Gambia could be the next big thing.
Gambia now has its own vibrant ex-pat community and has built a reputation as a tranquil, secure destination. Unlike other emerging markets buying property is quite straightforward with property conveyancing and laws based on the British Legal system. The Gambia benefits from an efficient infrastructure base, low inflation, fiscal stability and one of the lowest crime rates in the world this emerging market has now attracting growing numbers of converts.
Overseas property portal Homesgofast.com CEO Nicholas Marr “ When you look at the facts and figures for the region along with the fact that the government is encouraging direct inward investment Gambia appears to have all the hallmarks of an exciting emerging market for overseas property investors. We intend to take on real estate agents to spread the word about Gambian property.
Ivor Bartels of Clearvision Networks a London based international real estate consultancy specialises in emerging markets and has recently returned from The Gambia “We have seen a huge surge in interest from couples 5 or 10 years away from retirement. Private pensions have plunged during the last decade and someone retiring today is getting just a quarter of the retirement income they would have received if they had retired 10 years earlier.