Gambia is a compact African state on the Atlantic Ocean. The growth of interest in it is caused by a combination of the availability of the local real estate market, proximity to the ocean and a relatively low crime rate. It is not difficult to buy real estate in Gambia from a developer, since there are no restrictions for foreign investors, and English is spoken in the country.
Features of New Housing in Gambia
Most new buildings in Gambia are located along the Atlantic coast, as the coastline is the most popular among foreign investors. New property in Gambia from developer is also being built inland, but it is more suitable for those who value the local nature.
Key features of new buildings in Gambia:
- Materials and design. The construction uses local materials such as coral limestone and mangrove wood, making the property not only eco-friendly but also authentic.
- Open spaces. Local architecture takes into account the hot climate, which is why spacious terraces, verandas and courtyards, often with tropical gardens, are widely introduced into projects.
- Local color. Residential complexes are decorated with elements of Gambian culture and traditional patterns, not only in apartments but also in public areas.
- Operating costs. In colder climates, heating is a significant part of the utility bill. Gambia is always warm, but during hot periods, air conditioning is required.
Cost of New Housing in Gambia
Prices for new buildings in Gambia vary depending on the type of property. On average, a square meter in new buildings costs from 500 to 1000 euros, and the basis of the primary market are compact apartments of 40-50 m² and apartments with 2-3 bedrooms.
Average prices from developers in Gambia:
| Property type |
Average area, m² |
Average price, € |
| Studio | 40–50 | 89,000–100,000 |
| 2-room apartment | 80–90 | 154,000–200,000 |
| 3-room apartment | 120–150 | 231,000–350,000 |
| Penthouse | 150–300 | 392,000–600,000 |
Popular Cities in Gambia for Purchasing Real Estate from a Developer
Banjul, as the capital of the country, holds the lead in terms of the price of new projects. It has everything you need: an ocean coast, a river bed, high security and a relatively developed infrastructure with business centers and embassies. The high price is due to the scarce land fund - the city is located on a ledge extending into the ocean, and there is not enough land for new projects.
The country's most popular city is Serekunda, where Gambian developers are building the most new projects. Housing here is in demand for rent due to the high tourist flow.
Brikama is a rapidly developing city, so far new buildings here are cheaper than in Banjul and Serekunda, but the cost is expected to rise. Brikama is located 10 kilometers from the Atlantic coast and 5 km from the Gambia River, the local land fund is large, but its development requires time and money.
Cape Point is considered a resort area with elite real estate. There are not many residential buildings being built here, and those that are are apartments with ocean views. Most of the new real estate is villas and houses in the high price category.
