For most people, there will come a time in life where it’s time to move home. Considering your financial factors, and location you are deciding to move to (abroad or in the same country) this decision won’t be made lightly. Blue Ocean Properties are local property experts here in The Gambia and over the years we have picked up a few tips on the advantages and disadvantages of both buying and renting property.
Buying Property in The GambiaWhen it comes to buying property, many have the crucial decision of buying or renting. Buying property can be a lot more tricky than renting because it means that you are commiting to investing in that property or land in the long term, so you have to make sure you will have the funds and to research the future of the property market.
Some of the benefits of investing in The Gambia property include:
- The Gambia property market is less volatile than other African markets
- Buying is cheaper than renting (in the long term)
- You can renovate to increase the properties value
- The Gambia can provide good capital growth returns
bungalow in bijilo with white walls
Or this 3 bed property in Tranquil which is only a 5 minute walk from the Bijilo beach. Offering a fully furnished kitchen and an open-floor plan:
property in tranquil with white walls
View all our properties for sale in The Gambia > here
View all our Land for sale in The Gambia > here
Renting Property in The GambiaIf you don’t like to stay in one place too long, or you are not sure to invest in a certain real estate market then renting property could be for you. If you have the funds, you could rent various types of properties to see which is right for you. Renting property means you don’t have to make a long term commitment, and you can spend money on other things.
Benefits of renting property in The Gambia include:
- Not having to commit long term
- More freedom
- More short term money
Located within walking distance of the local school, this 5 bed property in Salagie has been recently finished to a high quality modern standard:
View our properties to rent in The Gambia > here