Banjul
Banjul is the capital city of the African nation of Gambia. This country is not densely populated. It has an average population of less than 1.5million people.
Buying land in Banjul
Foreigners are allowed to buy land in Banjul. The only lands that are not for sale are the ones that fall under the Tourist Development Area (TDA). If you buy land in this area, the government can repossess it and demolish your building. You may even face legal actions.
Be very careful when buying your property in Banjul. Foreigners are advised to seek legal and professional assistance before buying any property.
The advantage of buying property in Gambia is that there are laws that are put into place to protect both local and foreigners who own lands. They all share equal rights when it comes to land ownership.
Types of properties in Banjul
If you are looking for full ownership of lands and properties in Banjul, you should buy properties listed as freehold. To ensure that you buy genuine legal free hold property, you have to visit the Registry of Deeds office and conduct a land search. Ensure that you get all the legal documentation to prove ownership of the land.
The second type of property is leasehold. Leases range from 20 to 99 years. All these property belong to the state and so nobody can ever claim ownership. After the expiry of the lease, the property owner can try and renew it for a new term.
Land for lease can be used for different purposes as per the lease agreements.
There is also customary land in Gambia although this is not common within Banjul. Customary land is mostly found in rural areas. You can buy this land upon agreement with the customary owners.
Rental rates
If you are looking for property to rent in Banjul, you need to know a few of the things that determine the rates.
One of the factors is definitely the size of the place, the area, security and other facilities offered. However, there is no rent control so the landlords have the right to charge their own rates.
For a three bedroom house, the rental rate is between USD 10,000-15,000.
A two bedroom apartment may cost between USD 5,000 – 15, 0000
A one bedroom apartment may have a monthly rate of between 1500 to 6000 dollars.
Tourism
Real estate and Property investment in Banjul is a lucrative investment. The city has a lot of business opportunities due to the tourism industry in Banjul. Some of the most popular tourist attractions in the city are the River Gambia National Park, Banjul markets, Bijilo Forest Park, Abuko Nature Reserves, and West Kiang National Park.
Local News
Lawyer Mboge Jailed - AllAfrica.com
Published 11:43, 22nd February GMT
Photographer Judah Passow's best shot - The Guardian
Published 15:18, 22nd February GMT
VAT Validation Workshop Underway in Banjul - Jollofnews
Published 19:32, 21st February GMT
Regional Forum on Marine and Coastal Conservation Opens - AllAfrica.com
Published 11:40, 22nd February GMT
Gambia: Trust Bank Hands Over D1.3 Million Facility to RVTH - AllAfrica.com
Published 11:00, 22nd February GMT
Govt Ratifies Youth Charter - AllAfrica.com
Published 10:05, 22nd February GMT
Three GAF Officers Win 2012 Taiwan Defence Scholarship - AllAfrica.com
Published 15:37, 21st February GMT
Real De Banjul snatch 1st victory in GFA 1st division league - The Point
Published 13:50, 16th February GMT
- retrieved via Google News