Solomon Levy FRICS I 3 Convent Place, Gibraltar I firstname.lastname@example.org I
New Developments - Gibraltar
The last decade has seen increased activity in Gibraltar's property market with a flurry of new developments in Gibraltar. The main bulk of them have been developments built under the the governments coownership scheme with a view to making purchasing property accessible to everyone in Gibraltar.
The property market in Gibraltar has done well in the past few years following the boom in the property market in England. Gibraltar has therefore seen many new developments aimed at first time buyers right through to those wishing to invest in luxury properties whether it be as holiday homes or for tax residency purposes.
The sale of MOD property in Gibraltar's South District and Town area has given an opportunity for developers to renovate old colonial buildings for residential developments as well providing land for new build properties.
The local population have bought primarily in Gibraltar's Westside area where there has been a considerable amount of moderately priced developments such as Westview Park, Peninsular Heights and Europlaza which have all been met with tremendous success.
Due to favourable conditions in Gibraltar's property market, demand for these developments has been great with a large proportion of developments being sold out before construction has been completed or even begun construction
Gibraltar is now increasingly popular for investors wishing to purchase property offshore whether it be for investment, tax or leisure purposes.
The advantage of buying into new developments is that you will benefit from amenities such as lift, underground parking, pool, tennis court, gym etc. that you may not get with older type properties in Gibraltar.
At Solomon Levy FRICS, our sales advisers will gladly discuss with you which development is most suitable for your specific needs and budget.