Your straightforward pathway to owning property in Gibraltar with expert local support
Understanding Gibraltar's Real Estate Market
British expatriates living in Gibraltar or considering relocating there face a choice between purchasing property or renting a home. Gibraltar's attractive tax regime, lack of capital gains tax, wealth tax, VAT, along with its strategic location, make it a prime destination for investment and residence.
Opportunities for Investment in Gibraltar Property
The small size of Gibraltar (6.73 sq km) has led to a high demand for property, driven by rapid economic growth, business influx, and population increase from 30,000 to 35,000 residents. Over 15,000 people commute daily for work, creating a vibrant rental market, especially for buy-to-let investors.
Restrictions and Ownership
Most properties (over 95%) are leasehold, owned by the government and managed through the Land Property Services. Foreign nationals can buy property with minimal restrictions, although non-residents must apply for permits. Buying via Gibraltar offshore companies may offer tax advantages, so consulting a financial advisor is recommended.
Districts of Gibraltar
South District
Known for sunshine and views over Africa and the Straits of Gibraltar, this area is close to town and features residential suburbs near Europa Point.
Eastside
Home to beaches like Catalan Bay, this area witnesses the sunrise and enjoys cooler evenings, with colourful buildings around scenic sandy beaches.
Upper Town
Historic properties with high ceilings and courtyards, situated near the Moorish Castle, with spectacular bay views.
Westside
Features Gibraltar’s senior schools, hospital, supermarkets, and business centres, making it ideal for families and professionals.
Town Area
The heart of Gibraltar, with shopping, bars, and two cathedrals. It offers great access and no need for a car.
Queensway
An upmarket area with luxury apartments, popular among retirees, corporates, and yacht owners.
Your straightforward pathway to owning property in Gibraltar
Ocean Village
Vibrant marina-side area with lively bars and restaurants, close to Gibraltar’s World Trade Centre, ideal for professionals.
The Buying Process in Gibraltar
Key fees include stamp duty, registration fees, court fees, legal costs, and AML checks. Once a property is chosen, a 2% deposit secures it, held in a client account and refundable if the sale does not proceed.
Restrictions and New Developments
Some developments are restricted, requiring residency and forbidding subletting. New developments often offer phased payments and off-plan purchase options.
How to Purchase Property in Gibraltar: Step-by-Step
- Research the Gibraltar property market and districts.
- Consult local legal and financial experts for guidance.
- View properties and identify suitable options.
- Make an offer and pay the deposit.
- Complete Anti-Money Laundering (AML) checks.
- Sign contracts and pay the deposit.
- Complete legal paperwork and registration.
- Transfer funds and finalise the purchase.
- Explore new developments and off-plan opportunities.
- Register the property and complete post-purchase formalities.
