Buying a Property in the Gambia as an investment, holiday
or retirement home?
Wondering Where to Turn.. ..And Who To Trust?
Buying a Property in Gambia?
Preparation - The Key Message, Going to look at properties
should be the LAST stage in the process, not the first.
The process of buying a property - whether for your personal
use or as an investment - SHOULD start with thorough preparation.
This will save to a lot of wasted time AND money. We STRONGLY
recommend that you make contact with us BEFORE you go to
look at any property. That way we can deal with all of the
key issues (such as those listed below) calmly and clearly,
before you get involved in the rush and pressure always
associated with buying a specific property anywhere in the
world.
Preparation Check List
Why are you buying the property? Is this for retirement,
a holiday home, a holiday home that you want to pay its
way or a pure investment. If you are buying a property
as an investment, see our Guide to Buying Property as
an Investment.
Which area will suit you best? If this is an investment,
where are you likely to make the most money?
Which type of property is best for you? Villa, apartment,
townhouse. This is not always obvious.
How are you going to pay for the property? Are you going
to take out a mortgage? If so, where and for how much?
What are you doing to guard against the risk of fluctuating
exchange rates?
How are you going to manage the property? If you want
to let the property, who are your target tenants? Who
will manage the lettings? How much money will you make?
Who should be the legal owner of the property? The right
choice here can save you £/€/$THOUSANDS, even
on an ordinary holiday home. See below for more information
We will be happy to assist you with all of these issues.
Who should own the property?
Getting this question of ownership wrong is probably both
the most common and the most expensive mistake people make
when buying property overseas. There are many people who
could be made the legal owner of the property or, as the
case may be, the shareholders in the company that owns the
property. The best choice is, often, not obvious.
Getting this wrong can cost you tens of thousands of pounds/euro/dollars
of totally unnecessary taxes, during your lifetime and on
your death.Most local lawyers will be unable to help you
make this decision as it involves an understanding of both
the local AND your own legal, tax and inheritance systems.
We will be happy to assist you in making this vital decision.
What are the options?
There are many ways to purchase the property. These include:
in your own name alone
in your name and in the name of your co-purchaser(s)
wholly or partly in your children's
names or in the name of somebody
whom you would like (eventually!) to inherit the property
from you
in the name of a limited company,
whether English, Gambian or "off-shore"
via your SIPP/SSAS pension fund
via an investment fund (REIT, PUT etc)
via an investment club
via a trust
We will personally guide you step by step all the way through.
With between 20% to 40% average annual property capital
appreciation, buying a property in the Gambia is an excellent
investment. If you are seriously considering buying a property
in the Gambia, all you have to do is contact us. We will
be pleased to talk to you and answer all your questions.
If you are not seriously considering buying here yet, but
would like some information, you will find general information
about the Gambia on this site. You may wish to start here
with a brief overview of the
problems with Bumsters in Gambia . Unlike an estate
agent, we are not going to try to convince you to buy. The
Gambia sells itself, once you know about it. Once you are
convinced you want to buy here, just telephone us and we
will start the search.
Our property finder service offers a professional one-to-one
service that takes you through the whole process, from searching
hundreds of properties and building plots, talking to estate
agents and negotiating prices, to dealing with lawyers,
builders, developers, agents and officials
We work for YOU..not the Property Owner
Our service costs YOU nothing more than the advertised
price of your new property
We take our payment from Estate Agents commission already
added to the cost of a property when a sale is made
Click here now to get an up to the minute listing
of all the best properties in the Gambia, based on your
budget
Buying a Property in the Gambia
Helping you solve the problem and achieve your dream. With
our assistance, buying your property in the Gambia will
be easy
How we work before the client arrives
Being aware of developments on the the Gambia property
market
Telephoning the right people, at the right time
Always working with reputable companies
Continuously scanning property companies for offers
and property news
Acting on direct instructions from European and Gambian
Vendors wishing to sell
When a client comes in the Gambia
On your arrival in the Gambia, we will arrange to meet
and chat over a coffee to explore your property options.
Even if we have talked previously, you may find that your
preferences or options have changed and we will need to
reassess the best options for your individual requirements.
Equally the market place is constantly changing and there
may be more on offer since we last spoke.
Client is presented with a list of the most appropriate
properties
All arrangements for property viewing will be made
in advance
We will undertake to guide you regarding all areas
in Gambia relative to value and development potential
for your investment property
Once you have selected a few of the best properties or
land we will meet to draw up a list of favourites and arrange
for the appropriate second viewings.
Next Step: Administration
Opening a bank account - we can assist you in setting
up a Gambian bank account into which you may easily
transfer money from England as the need arises. Please
note it takes approximately 5 - 6 working days to transfer
money. You will be provided with a debit card for use
in the cash points and the basic banking services which
you receive in Europe will also be available to you.
There are no loans or mortgages available in Gambia.
We will explain all the legal process involved in the
purchase of your Gambian land or property
We have an accredited British trained Gambian lawyer
/ barrister and chambers to complete your legal papers
in a quick and highly efficient manner
Transfering funds - once your bank account is set up
it will be a relatively straightforward procedure transfer
funds as and when you need them
After the client leaves the Gambia
We will liaise on your behalf with the seller, the
estate agent, the lawyer and any other parties involved
in the transaction
We will arrange the appointments dates with you and
your lawyer, for the signing of the documents
We will keep you informed of progress at all times
Do you arrange for flights to the Gambia, car rental,
holiday accommodation, moving, etc...?
We can arrange any or all of the above services for you.
Please let us know your requirements.
Gambia Property News
Unlike a real estate agent, we are not going to try to convince you to buy.
The Gambia sells itself, once you know about it. Once you are convinced you
want to buy here, just telephone us and we will start the search. Our property
finder service offers a professional one-to-one service that takes you through
the whole process, from searching hundreds of properties and building plots,
talking to estate agents and negotiating prices, to dealing with lawyers, builders,
developers, agents and officials
Please feel free to contact
us at any time you would like more information, either by email,
phone, fax or carrier pigeon! Our staff are well versed, experienced and professional
with excellent knowledge of the property market in The Gambia .
.