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Set your sights on Gambia as next property hot spot
Monday, 22 November 2010 19:59
By Simon WhiteLast year I took my golf clubs for two weeks of R&R in Greece and late one night when I was tired and emotional, I agreed to a day trip to Albania.
On my return to Blighty some of you may recall that I enthused at length about Albania being possibly the next European property hot spot.
Of course, I couldn’t have foreseen the downturn that has brought the property market to a shuddering halt in Spain and Portugal. But I was right about Albania, where the biggest investors over the past 12 months have been the British.
So with my reputation intact and as my devotion to duty knows no bounds, I will now tell you where there is a little bit of paradise that’s almost unknown and will in time be a bigger draw for British overseas investors than any of the countries mentioned.
The country I am referring to is stable and has a virtually crime-free society. Here, £100,000 will buy you a six-bedroom villa in as many acres as you want with a swimming pool and tennis courts. You can purchase with no deposit and pay off the balance over the next five years interest-free.
There is a bit of paradise that’s almost unknown and will be a big draw for investors from Britain
It’s less than a six-hour flight from the UK and the monthly average temperature doesn’t fall below 29°C and never rises above 34°C. The official language is English and every road sign, menu and document is written in English.
There is no time difference and the beaches are empty. The people are hospitable and Muslims and Christians happily inter-marry.
It sounds too good to be true doesn’t it?
The place I am referring to is the Republic of The Gambia in West Africa (pictured) where I have just returned from having had a magical holiday.
The Gambia is almost unknown but the government has plans to develop coastal areas for residential investment. The current president and government have been in power for 10 years and are greatly loved by the locals.
OK, not everything works and the infrastructure doesn’t resemble the M4. Some of the niceties of life such as running water you can drink
aren’t available, but this is still a developing third world country.
The will is there to make The Gambia a home from home for northern Europeans.
If I was right about Albania then I’m even more right about The Gambia. It may take 10 years for me to be proven to be correct but I will be - wait and see.
The author is the Director of London's Chartered Surveyors
Courtesy of Mortgage Strategy
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Comments
True story.... Last week....
Met a very large lady {28 Stones} at my local supermarket...and she gave a large sigh, as I passed her on her mobility scooter.
I said, "that was a large sigh my dear" as she was trying unsuccessfully, to reach a tin of baked beans.
Being less disabled than her I handed her the tin.
She thanked me and we talked a while.
She told how she had been to Gambia and picked up lymphodeema {elephantiasis}
She asked if I knew where Gambia was?
Um I said..."yes I know quite well"?
She told how the local hospital had said she must have got it from a mosquito?
I said more likely from sand...and gave her the phone number of the UK's treatment specialists, St Georges hospital in London.
She said, "How do u know so much"...?
Well I said ...."Its a long story"..?
Name withheld.
Comment
Simon, there’s no doubt you have indeed been to Gambia lately for holidays-for hospitality of Gambians you have observed here; BUT the rest of your observations were very inconsistent that, I want to believe you have either been lodged/resident at Syndola camp at Kanilai/one of the numerous outlets yaya jammeh & agents runs for “devouring the ears of strangers”; with tour guide trained to inform & brainwash all & any strangers they could MISLEAD.
There are more Albanians and Gambian's in Britain...than at home.
Do u think they know something he dosn't?
Do u think he left his hotel?
or as is more likely...he had a Gambian tour guide....who was a "front" for dem " funny" property dealers.
We bin dare done dat n' bought da tee shirt.
Whoaaaaaaa
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