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DGI CEO Urges Banks to Provide Mortgages to Investors Wednesday, June 06, 2007 The Chief Executive Officer of DGI Gambia Ltd Mr. Steve Bailey Vaughan who is an investment consultant and financial analyst in the UK has urged banks in The Gambia to provide a mortgage product to Europeans wishing to invest in the Gambia. This, he believes, will help Europeans to more easily directly invest in the country. "If the banks are able to come up with a solution that can facilitate this requirement, investment in The Gambia would increase rapidly. The more investment that comes in, the more benefit to the community that would be provided through reinvestment projects". According to him the banks that come up with the mortgage product will capture an extremely lucrative market opportunity. He noted that Europeans have an abundance of money to invest with the aid of a mortgage product this will make the Gambia even more appealing for them to invest into. According to the financial adviser and investment consultant, it is a traditional in Europe and America that a property is purchased with the aid of a mortgage. "If banks want to do business with Europeans they should adopt a European mentality for property purchase and investment. Is good business for the banks and it would provide a tremendous amount of investment into the country." He further revealed that he would be speaking to the banks in the UK to provide these similar mortgage products for Europeans who want to invest in The Gambia. However, this would be more beneficial if Banks in The Gambia where to provide this facility as the finance would be staying in The Gambia. About DGI Gambia Ltd We are all custodians of the environment, for our future generations. This has been one of the primary concerns when creating ‘ Mango Grooves’ and Plantations’ sites. The aim throughout this project has been to be environmentally aware and to attempt to minimize man’s increasing carbon footprint. As a result the villas have their own private water supply, solar panels for electricity, and back-up generator thus minimizing the impact of carbon emissions onto the environment. Achieving high standards in investment whilst choosing a luxurious travel destination does not need to be at the Earth’s expense. DGI Gambia Ltd instead embraces such desires and combine luxury property and plot design, with truly breathtaking surroundings alongside a sustainable energy strategy.
Source: The Point |
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