Off-Plan Property – The Gambia

Off-plan property investment in Gambia is fast becoming one of the next big hotspot in overseas property. Gambia or The New Caribbean as it's being called is undergoing rapid growth and is widely touted in property and tourism circles as a shrewd investment with excellent returns anticipated.

Investors should however exercise due diligence and choose wisely, making sure their off-plan property in The Gambia is located in an area where they will resell quickly and easily or where there is a high rental demand for their holiday buy-to-let option the rental income could yield further return on investment.

Benefits of investing in off-plan property

Off-plan property provides an investor with the ability to buy at a low price to achieve the greatest returns on their investment.

Increasing capital appreciation on your property as the reputation of the development and destination becomes more and more established. By the time the property is finished, prices rise due to market forces and the greater general appeal of a completely finished property that is ready to move into. Investors therefore sell the property on to another property purchaser and in doing so enjoy some excellent returns on investment whilst never having paid the full purchase price. Analysts are predicting a 60% rise in prices over the next 18 to 24 months for many off-plan properties in The Gambia.

Off-Plan Property in Brufut Gardens

Off-plan villas or apartments can be purchased in Brufut Gardens, payment schemes currently on offer allow you to buy property off-plan, i.e. before or during construction when the price remains low, with an initial down payment of 30%. The payment structure includes three subsequent payments following the schedule of build for you property. Currently, these payments can be spread over 18 months.

Finished properties and capital appreciation

Once the property is finished, the anticipated demand during the building phase will push house prices up. A finished property, depending on the chosen strategy of the investor, can then be re-sold on the market reflecting the new price providing an excellent return to the investor.

Why are off-plan properties cheaper

In order to limit financial risk and debt, developers will, ordinarily, wish to sell units off-plan. Developers understand that if buyers cannot see a physical property at the beginning of the phase, they will demand a lower price. An investor's decision to buy will also be based on the developer's reputation, the location, CGI animations and bank guarantees.

Maximising ROI in Gambian off-plan Investment

The investment cycle of any new development or new phase within an established development normally follows the same path.

When to purchase

The property market is different to most other markets in that consumers (pioneers/early investors) pay less at the beginning than when the market is established, so initial investors in a development will pay far less than when that property market and destination is fully established.
In Gambia, as in any other market, it is important to buy your villa, or apartment as soon as possible during the early stages of development to enjoy the maximum capital appreciation when prices remain very competitive but are already beginning to rise. The pioneers or 'early investors' will invariably realise the greatest returns on their purchase.

Location, location, location

The old adage of 'location, location, location' does not only extend to the actual plot of your Gambian property but also to the type of development in which the plot is built and the country that the development is located. An investor should consider a development's offerings from recreational facilities to ease of access, the beauty of its surroundings, the track record of the developer and the sheer investment in its tourism sector.

Experience capital appreciation as the development matures

The value of units begins to increase as a development begins to be constructed and more units are sold. An investor, buying at this stage, will still realise capital appreciation on their purchase but their purchase would be considered a lower-risk investment within their portfolio.

In addition to the excellent off-plan price, some highly beneficial finance structures are in place. At Brufut Gardens on certain properties you need to pay only around 10% of the purchase price in the form of a deposit, while the rest is payable upon completion. This may be financed by a mortgage if necessary.

Whether it is an off-plan bungalow, or apartment you decide upon at Brufut Gardens, you will need to build a strategy to adopt in order to achieve your return on investment. Our friendly team will help you to choose the most appropriate plan, creating an investment programme to suit your needs, whether this is "pure investment" "or jet-to-let " strategy.

Brufut Gardens Residence: Affordable luxury in the New Caribbean

Brufut Gardens investors are currently making some excellent intelligent investment choices in off-plan property with capital growth growing at 60% over the last 24 Months.