Gambia

With one of the most stable governments in Africa, The Gambia has seen dramatic improvements to the country over the last 13 years. Tourism has been increasing at a rate much higher than the global average.

Infrastructure and facilities are being introduced in key development areas. As can by seen by the interest in charter flight companies offering return flights for under £250, The Gambia is now entering the international property investment market.

In the last year, property prices have grown by up to 30%, and over the next few years is estimated to continue as the country continues to attract more tourism and international investment.

Property ownership is based on the British legal system and the conveyancing system is transparent and straightforward when done professionally.

The Gambia is still not on the radar for most overseas property investors in the U.K. hence the very affordable entry prices. Once the news gets out the increase in demand will drive property prices higher and accelerate capital growth. The Gambia is peaceful and stable and the current government is totally committed to free enterprise.

Crime rates and the cost of living are among the lowest in the world. Factors like increasing visitors, more property investment, and popularity as a retirement destination helps create a demand for high-quality, well located property. The Government officially welcomes foreign investment.

African market growing at full speed, looks increasingly attractive for investors

London based property giant Knight Frank has just launched its East Africa property fund having recently reported an increase in real estate value and growth in the region. The firm's private equity real estate arm will launch an East Africa-dedicated fund, its fifth fund in the last two and a half years.

The British Government backed CDC fund will target less developed countries in western and southern Africa such as Nigeria, Malawi and Mozambique. It will be managed by Actis, a private equity firm that evolved out of the CDC, formerly known as the Commonwealth Development Corporation.

Actis is now an independent firm backed by 25 investors. The Actis Africa Real Estate Fund, which aims to focus on investments in office and retail space in sub-Saharan Africa, should facilitate the creation of adequate infrastructure and make the region more attractive for other property investment.

Go for Gambia

For the adventurous overseas property investor looking for a foothold on the West African property market.

The Gambia offers value for money and represents an opportunity for anyone looking for a good return on an overseas holiday apartment as a property investment or looking for commercial or tourism investments.

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 holiday hotels, fine dining, fantastic beaches, water sports, sports fishing and many other quality holiday, sporting and leisure pursuits.

The Gambian economy has been projected to grow at a robust 7%, the country's acting Central Bank Governor, Bamba Saho, disclosed.

Governor Saho told a news conference that the robust growth will be "underpinned by plentiful and well distributed rainfall which should increase agricultural production, expanding the services sector, including banking, tourism and communications and the continuing boom in construction." www.gambia-holiday-news.co.uk/properties_for_sale/index.htm

The International Monetary Fund (IMF) was satisfied with the country's first review of the economic performance, which was supported by a three-year Poverty Reduction and Growth Facility (PRGF) programme. www.gambia-holiday-news.co.uk/development_news.htm

Macro-economic stability

The Gambia was also praised for attaining macro-economic stability and higher economic growth. Consequently, the IMF has approved the release of US 3.1 million to the country.

Between December 2006 and July 2007, the Gambian currency [the dalasi] appreciated against the US dollar, pound sterling, euro and CFA franc respectively by 9.7%, 3.8%, 2.2% and 4,9%, which according to the Governor, reflected an "improved macro-economic fundamentals including robust output growth, increased foreign inflows from foreign direct investment, private remittances, re-exports, travel receipts and cashew exports as well as confidence in the Gambian economy and healthy reserves."

There are high specification beach-front properties in Brufut Heights with some of the finest residential ocean views in the Gambia. The properties are a stones throw to the beach and a short walk to shops and the Gambia’s finest and newest 5 star Sheraton Hotel offering restaurants, spas and other luxury amenities.

www.pearlproperty.net/property/pp017-brufut-sunsets/

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