Gibraltar Non-Resident Property: A stuning guide about How to Buy Property in Gibraltar as a Non-Resident in 2024

Gibraltar Non-Resident Property

Why Invest in Gibraltar?

Gibraltar Non-Resident Property

Before delving into the specifics of purchasing property, it’s important to understand why Gibraltar is an attractive location for non-resident investors:

  1. Strategic Location: Gibraltar’s proximity to Spain and its position as a gateway between Europe and Africa make it a strategic hub.
  2. Economic Stability: With a thriving economy driven by financial services, online gaming, shipping, and tourism, Gibraltar offers a stable investment environment.
  3. Favorable Tax Regime: Gibraltar has no capital gains tax, inheritance tax, or VAT, making it financially appealing for property investors.
  4. High Standard of Living: Excellent healthcare, education, and a vibrant lifestyle contribute to Gibraltar’s high quality of life.

Steps to Buying Property in Gibraltar as a Non-Resident

1. Gibraltar Non-Resident Property: Understand the Market

Before making any investment, it is crucial to understand the Gibraltar property market. This includes familiarizing yourself with property prices, types of properties available (apartments, houses, commercial properties), and the most desirable locations (such as Ocean Village, the South District, or the Upper Town).

2. Gibraltar Non-Resident Property: Legal Considerations

As a non-resident, you need to be aware of the legal framework governing property purchases in Gibraltar:

  • Ownership Structures: Properties in Gibraltar can be freehold or leasehold. Freehold ownership means you own the property outright, whereas leasehold means you own the property for a specified period (typically 99 or 150 years).
  • Legal Representation: It is mandatory to engage a local solicitor to handle the legal aspects of the transaction. They will conduct due diligence, ensure clear title, and handle the transfer of ownership.
  • Financing: Non-residents can obtain mortgages from local banks, though typically a higher deposit (usually around 30%) may be required.

3. Gibraltar Non-Resident Property: Finding the Right Property

Working with a reputable real estate agent is essential in finding the right property. This is where Century 21 Gibraltar Real Estate plays a vital role. As part of the globally recognized Century 21 network, they offer a wealth of local knowledge, expertise, and access to a wide range of properties.

4. Gibraltar Non-Resident Property: Making an Offer and Negotiation

Once you find a property, the next step is to make an offer. Your real estate agent will guide you through this process, helping you negotiate the best possible price. Upon acceptance of the offer, a preliminary contract (known as a “Reservation Agreement”) is signed, and a deposit (usually 2-5% of the purchase price) is paid to secure the property.

5. Gibraltar Non-Resident Property: Due Diligence and Contract

Your solicitor will conduct thorough due diligence, including title searches and ensuring there are no outstanding debts or legal issues associated with the property. Once due diligence is complete, a final purchase contract is drawn up.

6. Gibraltar Non-Resident Property: Completion and Transfer of Ownership

On the completion date, the remaining purchase price is paid, and the ownership of the property is transferred to you. The sale is then registered with the Land Registry.

Century 21 Gibraltar Real Estate: Your Partner in Property Investment

Gibraltar Non-Resident Property

Century 21 Gibraltar Real Estate offers comprehensive services to assist non-residents in buying property in Gibraltar:

1. Gibraltar Non-Resident Property: Extensive Property Listings

Century 21 Gibraltar has an extensive portfolio of properties catering to various preferences and budgets. Whether you are looking for a luxury apartment with sea views or a cozy home in a quieter part of town, they have something for everyone.

2. Gibraltar Non-Resident Property: Expert Market Insight

With in-depth knowledge of the local market, Century 21 agents provide valuable insights into the best areas to invest in, current market trends, and future growth prospects.

3. Gibraltar Non-Resident Property: Personalized Service

Century 21 Gibraltar prides itself on offering personalized service tailored to each client’s needs. From the initial consultation to property viewings and finalizing the purchase, their agents are committed to making the process as smooth as possible.

4. Gibraltar Non-Resident Property: Legal and Financial Assistance

In collaboration with trusted legal and financial experts, Century 21 can help you navigate the complexities of property law and financing in Gibraltar. They can recommend reliable solicitors and financial institutions to ensure you receive the best advice and services.

5. Gibraltar Non-Resident Property: Post-Purchase Support

Century 21 Gibraltar’s services do not end with the purchase. They offer post-purchase support, including property management, rental services, and assistance with any issues that may arise after the sale.

Gibraltar Non-Resident Property: Conclusion

Buying property in Gibraltar as a non-resident can be a rewarding investment, provided you understand the process and have the right support.

Century 21 Gibraltar Real Estate stands out as a trusted partner, offering expertise, personalized service, and comprehensive support throughout your property-buying journey. By leveraging their local knowledge and global network, you can confidently navigate the Gibraltar property market and make an investment that meets your goals.

Gibraltar Non-Resident Property: FAQs

Can non-residents buy property in Gibraltar?

Yes, non-residents can buy property in Gibraltar. There are no restrictions on property ownership for non-residents, making it an attractive destination for foreign investors.

What types of properties are available for purchase in Gibraltar?

Gibraltar offers a variety of property types, including apartments, townhouses, detached houses, and commercial properties. Popular areas include Ocean Village, the South District, and the Upper Town.

What is the difference between freehold and leasehold ownership in Gibraltar?

Freehold ownership means you own the property outright and indefinitely. Leasehold ownership means you own the property for a specified period (usually 99 or 150 years), after which ownership reverts to the freeholder.

Do I need a local solicitor to buy property in Gibraltar?

Yes, it is mandatory to engage a local solicitor to handle the legal aspects of the transaction. They will conduct due diligence, ensure clear title, and manage the transfer of ownership.

Can I get a mortgage in Gibraltar as a non-resident?

Yes, non-residents can obtain mortgages from local banks in Gibraltar. However, a higher deposit (typically around 30% of the purchase price) may be required compared to residents.

What taxes and fees are associated with buying property in Gibraltar?

There are no capital gains tax, inheritance tax, or VAT in Gibraltar. However, buyers should budget for legal fees, stamp duty, and registration fees. Stamp duty rates vary depending on the property’s value.

How long does the property buying process take in Gibraltar?

The process can take anywhere from a few weeks to several months, depending on the complexity of the transaction and the efficiency of due diligence. On average, it takes about 6-8 weeks to complete a property purchase.

What is the role of a real estate agent in Gibraltar?

A real estate agent assists with finding suitable properties, negotiating prices, and guiding you through the buying process. They provide valuable market insights and help with paperwork and other formalities.

How do I make an offer on a property in Gibraltar?

Once you find a property, you can make an offer through your real estate agent. If the offer is accepted, a preliminary contract (Reservation Agreement) is signed, and a deposit (usually 2-5% of the purchase price) is paid.

What is due diligence, and why is it important?

Due diligence involves verifying the property’s legal status, ensuring there are no outstanding debts or legal issues, and confirming a clear title. It is a crucial step to protect your investment and avoid future problems.

Can Century 21 Gibraltar Real Estate help me buy property as a non-resident?

Yes, Century 21 Gibraltar Real Estate offers comprehensive services to assist non-residents. They provide extensive property listings, expert market insights, personalized service, and legal and financial assistance, ensuring a smooth buying process.

What support is available after purchasing the property in Gibraltar?

Century 21 Gibraltar Real Estate offers post-purchase support, including property management, rental services, and assistance with any issues that may arise after the sale.

Is it a good time to invest in Gibraltar property?

Gibraltar’s robust economy, favourable tax regime, and strategic location make it an attractive investment destination. Consulting with a local real estate expert like Century 21 Gibraltar can help you understand current market conditions and make an informed decision.

Are there any restrictions on selling property as a non-resident in Gibraltar?

No, there are no restrictions on selling property in Gibraltar as a non-resident. The process is straightforward, and you can engage a real estate agent to help find buyers and manage the sale.

Gibraltar Non-Resident Property: 2-Bedroom Apartment For Sale in Clifftop House Gibraltar

Gibraltar Non-Resident Property

For sale: This stunning apartment offers a luxurious and comfortable living experience. With 2 spacious bedrooms and 2 modern bathrooms, Located in the highly sought-after Clifftop House in South District, this property offers breathtaking views throughout and a tranquil environment. 


The kitchen is equipped with high-quality appliances and ample storage space, making cooking a breeze.

The apartment also boasts 2 allocated parking spaces, ensuring that you and your guests will never have to worry about finding parking. Amenities include a communal gym and pool.

This property offers excellent value for its prime location and impressive features. Don’t miss out on the opportunity to make this apartment your dream home.

Tel: +350 5652 3000Email: info@century21gibraltar.com