#Headlines

GCCPC study reveals estate dealers give ‘misleading’ adverts

Apr 9, 2021, 11:29 AM | Article By: Fatou Bojang

The Gambia Competition and Consumer Protection Commission’s (GCCPC) study 2020 on the state of consumer welfare in the real estate industry has revealed that some of the real estate companies have been engaged in false and misleading advertisements as they misrepresent their locations, amenities near the location and size of lands that are sold to consumers.

These revelations were made known on Thursday at the validation of the study on the state of consumer welfare in the real estate industry.

The findings further showed that there are other consumer protection issues occurring in the industry such as consumer’s difficulty in getting access to ownership of title documents or property after finalising payments, inadequate disclosure and high penalties for consumers opting out of services, others .

As indicated in the report, “in the first half of 2020, the Commission received 13 complaints of consumers in the real estate industry worth up to three million dalasis all of which are in relation to payments being finalised by consumers, after which they are either unable to obtain their transfer documents or are not shown their properties. In some instances, they are shown the property and they later find out that the said property is already owned by someone else. All these are violations of section 8(3) of the Consumer Protection Act 2014.”

This research was carried out by the commission in order to have knowledge of the real estate industry and assess the state of consumer welfare to be able to devise strategies that will protect consumers.

GCCPC was established in 2017 to enforce the Competition Act of 2007 and administer the Consumer Protection Act 2014. The Commission in light of the findings recommends a regulatory body for the industry. “The commission with the power invested in it by the Consumer Protection Act 2014, recommends for the sector to be assigned a regulator. The stakeholders in the transaction process to be adequately trained and held accountable for their actions, and the introduction of a digital real-time land ownership database.”

The Commission also urged the Ministry of Lands and Local Government to ensure that the sector is stringently regulated in order to make the industry consumer oriented, economically vibrant and financially beneficial to the stakeholders.

Read Other Articles In Headlines
Busan bids hosting World Expo 2030
Feb 24, 2022, 11:10 AM

Busan Metropolitan City is aiming to host the World Expo 2030 at the Busan North Port which will run from May 1st to the end of October 2030 with the support of the Korean government.

Juliet Ryan
African descendants urge NAMs to consider citizenship plea
May 26, 2021, 10:41 AM

A group of African descendants residing in The Gambia have urged National Assembly Members (NAMs) to consider their citizenship plea as they are home comers and desire that the National Assembly considers their automatic citizenship plea.

Jammeh
U.S. gov’t reveals whom Jammeh acquired his 6 beds, 9 baths, exclusive Maryland mansion
Aug 7, 2020, 1:06 PM

The U.S. government is attempting to seize the Montgomery County estate of Yahya Jammeh, the exiled former president of The Gambia who has been accused of murders, rapes, tortures and the theft of more than $300 million in public funds during his 22-year regime.

Janjangbureh crossing
Janjangbureh-Laminkoto ferry landing needs urgent attention
Feb 15, 2021, 12:56 PM

Crossing from the historical island of Janjangbureh to Laminkoto or vice versa is disturbing as both residents and travellers to and from these two communities don’t find it easy any longer.