The Gambia (PRWEB UK) 4 April 2012

This March, house prices in the UK fell for the 21st month in a row, according to a report published by Knight Frank (source: http://www.propertywire.com/news/europe/uk-property-prices-outlook-201203166309.html).

Over the past few years, many property investors have turned to overseas markets, such as The Gambia. But what does this small country on the west coast of Africa offer property investors? Let’s find out…

The Gambia: key 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 enjoy 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 popular tourist destination, offering affordable tropical getaways.

Property laws in The Gambia

Unlike many other countries, such as Spain and France, Gambian property laws and the conveyancing process are very similar to the British system. This is great news both for those buying 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.

Associated costs of property investment

Once again, these are quite similar to the British system. Costs can include stamp duty, lawyers’ fees and land rent. However, a good lawyer will be able to explain everything to you clearly and accurately.

Economy and infrastructure

The Gambia has a growing economy and has received significant investment in its education, industry and infrastructure over the past few years. The electricity and water supply is generally good, although it can vary depending upon the area.

Where to invest in The Gambia?

If you’re looking for consistent and stable returns from buying property in The Gambia, make sure you invest in modern, well-built property developments. One such example is Brufut Gardens, a private sea-view estate situated just minutes away from The Gambia’s most popular 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 between 7 and 12%.

Brufut Gardens is widely considered to be the country’s premier property development, with a 24-hour water and electricity supply, landscaped terraces and sidewalks, street lighting and security. Investors can choose from a range of apartments, houses and large villas with beautiful gardens and swimming pools. Most recently, a newly developed shopping mall has been opened, offering residents a variety of up-market shops and restaurants.

Find out more at http://www.tafgambianproperty.com.

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market correction is likely to affect real estate prices across the country, especially in housing and land in Mumbai and Bangalore, according to industry analysts.

Land prices in these markets are also likely to see a downward correction. This, combined with higher interest rates could lead to effective market in a situation in which transactions in the next three to six months will decline, analysts say.

According to Arun Goel, CEO of venture capital fund DHFL real estate, these markets were due to a correction for some time, and this could very well be the trigger.

“There was much speculation in real estate, given the excess liquidity from the market in the last two years, and this has led to reasonable price levels in the suburbs of Mumbai and Bangalore. Noida Gurgaon and saw such increases, but have seen a downward correction stock market correction could well lead to real estate prices fall by 15-20 percent in these markets over the next three to six months .. offers land could see a correction of 20 percent, “he said.

In the last year, residential prices in the suburbs of Mumbai and Bangalore, has increased considerably, in some cases up to 30 -40 percent. Mumbai areas like Bandra, a western suburb, saw prices touching one crore mark a RS residential floor, which was taking R 65-70 lakh in just a year ago.

Put another market analyst, “While real estate investors are a different class from those who invest in capital markets, we could see a situation where the number of transactions in the market to decline for three six months, such as liquidity, generally, will be seriously affected. “

Reserve Bank of India have tightened lending standards by increasing the risk weightage for housing loans at 150 percent and hiking provisions for loans to banks for building projects.

Niranjan Hiranandani Hiranandani tall building, “People who were planning to make RS 35 lakh loan based on their income from capital market will now have to consider a larger loan. Given the increasing rates may defer interest, therefore, investment, for a short period of time or opt for a smaller investment. “

Hiranandani also indicated that self-builders tend to offer softer prices in the months Next to attract buyers and existing value-free.

Chanakya Chakravarti, joint managing director, Cushman & Wakefield India, a real estate consulting firm, however, said it would be no impact on the short term because the fundamentals are strong.

“estate India has emerged as a viable asset class alternative that is less volatile compared to equity markets and other investment vehicles, making it a viable proposal for most investors looking to expand their share of risk in investment portfolios, “he said.

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Source: Sulekha.com

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