3 Convent Place, Gibraltar Phone No.: (+350) 77789 or (+350) 42818 info@gibestateagents.com (general enquiries) sales@gibestateagents.com (sales enquiries) |
SOLOMON LEVY FRICS (EST. SINCE 1960) Helping you make the right move ... |
Property Consultants, Estate Agents, Valuers and Auctioneers. |
3 Convent Place, Gibraltar Phone No.: (+350) 77789 or (+350) 42818 info@gibestateagents.com (general enquiries) sales@gibestateagents.com (sales enquiries) |
The last few years have 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 reasons. 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 Montagu Gardens, Westview Park, Montagu Crescent, Peninsular Heights and Europlaza which have all been met with tremendous success. |
The area spanning to Marbella has now been dubbed the new "Golden Mile". Good times have returned for the property market, according to agents, property developers, buyers and sellers alike. Prices in this area have now reached, and in many cases surpassed, the 1988-1989 highs. The big difference between now and the '80's is that this Coastal area has now become a world class resort, with a solid infrastructure, cleanliness, excellent security and a local administration which really cares and works. The result is that the influx of buyers are now coming with a firm intention to purchase and this area has now gained unprecedented acceptability from a more demanding and sophisticated market. Over the last two to three years there has been a continued boom in the Spanish property sector and a huge amount of construction of many new quality projects has been started on the Spanish coast that sell from plan and hundreds of villas, as well as the remodelling of older homes and buildings.. Locally we can readily see this by driving along the Costa del Sol where there has been intense activity particularly in and around the Marbella area. It would appear that on every spare plot of land, building work is taking place. Our office may inform you on all the latest developments on the new Golden Mile. The easy way to visit these projects is to first make a pre-selection in our office. |
As far as the luxury market is concerned, one must give particular mention to the enormously successful Queensway Quay Marina, where Taylor Woodrow have developed some of Gibraltar's most luxurious aparments, penthouses, townhouses and villas. 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 these 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. We have included as much information as possible on each development to help you make an informed choice |
This way you may rule out those that do not fit your price bracket or those that are going to be completed too late. Remember, if you are a first-time buyer in a new development then prices will be at their lowest and then steadily increase during the course of construction. All new projects featured on our website are either under construction or have been recently released. Either way, don't waste time (and money!) - register your interest now. The strength of the property market on the Costa Del Sol is such that most new developments are sold before construction is completed, or in some cases even before it starts! Considerable savings can be made by buying pre completion property, but... Selecting the right unit, in the right development when buying off plan is not easy, the location, the history of the developer, financing and bank guarantees are very important, as are the terms and conditions of the sales purchase contract, which can and should be negotiated, especially if you wish to resell on or before completion. Solomon Levy FRICS,together with it's affiliates in this area will help you find the best development. Whether you are looking for a holiday home, rental income, a combination of both, to resell for a profit, or to relocate here in the sun, we can help you find the right property, on the terms best suited to your circumstances. |
