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Gambia: British Empire
built 606 days ago
Gambia now has its own vibrant ex-pat community and has built a reputation as a tranquil, secure destination. Unlike other emerging markets buying property is quite straightforward with property conveyancing and laws based on the British Legal system. The Gambia benefits from an efficient infrastructure base, low inflation, fiscal stability and one of the lowest crime rates in the world this emerging market has now attracting growing numbers of converts.
The Gambia was once part of the Ghana Empire and the Songhai Empire. The first written accounts of the region come from records of Arab traders in the 9th and 10th centuries A.D. Arab traders established the trans-Saharan trade route for slaves, gold, and ivory. In the 15th century, the Portuguese took over this trade using maritime routes. At that time, The Gambia was part of the Kingdom of Mali.
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Overseas property investors searching for an emerging market to maximise their investments need to look at a destination that has been a winter holiday favourite for the British for years this destination is The Gambia. Investor confidence in Gambia has grown dramatically over the last few years. In some regions Gambian property prices have risen by 30% a year over the last two years this combined with visitor figures showing increase of 19.6% from the previous year mean Gambia could be the next big thing.
Banjul is the only real urban center in Gambia. It has a typical former British colonial feel to it. The administrative buildings are built in the center of the city, tending toward Edwardian "majesty." Many of the buildings are done in pastel colors with huge gardens. The colonial bungalow is a typical form of architecture. Squatter settlements resembling poorer versions of rural settlements dot the area. There are large public areas in the British style.
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