Investors turn to overseas property markets as UK residence costs continue to fall
The Gambia (PRWEB UK) 4 April 2012
This March, home costs in the UK fell for the 21st month in a row, according to a report published by Knight Frank (supply: http://www.propertywire.com/news/europe/uk-property-costs-outlook-201203166309.html).
Over the past few years, several property investors have turned to overseas markets, such as The Gambia. But what does this little country on the west coast of Africa provide property investors? Let’s locate out…
The Gambia: essential facts
Known as ‘the smiling coast of Africa’, The Gambia is just six hours flight from the UK and has a thriving tourist trade. Visitors take pleasure in at least nine hours of sunshine a day, and warm weather all year round. This English-speaking country has a lively ex-pat community and has become an increasingly well-liked tourist destination, supplying cost-effective tropical getaways.
Property laws in The Gambia
In contrast to several other nations, such as Spain and France, Gambian property laws and the conveyancing process are quite related to the British system. This is excellent news both for those purchasing and selling Gambian property. Land is registered at the Property Registry, a contract is drawn up by respective lawyers and the completion period is usually just 30 days.
Linked costs of property investment
As soon as yet again, these are fairly related to the British system. Expenses can include stamp duty, lawyers’ fees and land rent. However, a great lawyer will be in a position to explain everything to you obviously and accurately.
Economic climate and infrastructure
The Gambia has a expanding economic climate and has received considerable investment in its education, market and infrastructure more than the past handful of years. The electricity and water supply is usually good, although it can differ depending upon the location.
Exactly where to invest in The Gambia?
If you happen to be seeking for consistent and stable returns from getting property in The Gambia, make certain you invest in modern day, nicely-built property developments. One such example is Brufut Gardens, a private sea-view estate situated just minutes away from The Gambia’s most well-liked tourist resort. The estate was founded in 2003 and has seen an average capital appreciation of over 40%. Returns on rentals at Brufut Gardens have averaged among 7 and 12%.
Brufut Gardens is widely regarded as to be the country’s premier property improvement, with a 24-hour water and electricity provide, landscaped terraces and sidewalks, street lighting and security. Investors can decide on from a range of apartments, homes and big villas with stunning gardens and swimming pools. Most not too long ago, a newly developed shopping mall has been opened, offering residents a selection of up-market shops and restaurants.
Uncover out a lot more at http://www.tafgambianproperty.com.
