Buy or Rent Property in The Gambia?

22nd January 2019
Home > News > Buy or Rent Property in The Gambia?

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 Gambia

When 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
We have a range of properties for sale in The Gambia which include this beautiful 3 bed bungalow in Bijilo which is next to the main road that links Bijilo and Sukuta:

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 Gambia

If 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
Check out this 4 bedroom villa in Brusubi to rent. This is an ideal location that is just a walkaway local restaurants, markets and all other local amenities:

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

What next?

When it comes to The Gambia real estate market, we know it well. There are many reasons why you could buy a property and many why you could rent. Depending on your circumstances, we will be happy to guide you in the right direction giving you advice on what will work best for you. If you are looking to explore your Gambia real estate dream today, then please don’t hesitate to get in touch!


Share this article

Related News

30/08/2023
A Guide to Heritage Community, The Gambia

Welcome to our blog, your gateway to the enriching world of Heritage Community and the captivating realm of living and relocating to The Gambia.  Join us as we embark on a journey to explore the exceptional blend of luxury, nature, and community that defines Heritage Community—a haven of 36 luxurious villas nestled near the Gambian coastline. Bey...

Read More
20/03/2019
Everything You Need to Know About Relocating to The Gambia

Many people dream of owning their own home in a beautiful location. And what better way to achieve that by living in one of the most awe-inspiring countries in the world? If you’re an expat looking to move to the wonderful region of Gambia, there may be a few things you wish to consider. Get to know where you’re potentially thinking about moving...

Read More
09/04/2018
The Weather in The Gambia

When it comes to moving home, especially if you’re looking to move overseas, there are a number of factors that buyers consider as a must have. Many people think about the location, property type and number of bedrooms as important in their search, but another key factor for some is the weather. When moving abroad, house hunters are often seeking sun,...

Read More
21/07/2020
You Guide to Kololi

Unlike the traditional town of Brufut, Kololi is a resort town which is a tourist attraction for expats and holiday makers. Kololi is located in the western region of The Gambia and it is around 20 km from the capital of Banjul. Thanks to tourism, this region of the country has seen a great rise in popularity and interest has grown significantly. View o...

Read More
Stay up to date with our latest news