Enfields are delighted to announce the launch of their Gibraltar property portfolio in association with Chestertons Gibraltar.
Chestertons are a well established and highly successful estate agency situated in Gibraltar with an extensive market share in this exciting and dynamic market place located on the tip of the Iberian peninsula in the sunny Mediterranean.
Gibraltar is a British Overseas Territory; where English is the official language in a sterling denominated environment, with the advantage of local laws based largely on English law. Gibraltar has been a British Overseas Territory since it was ceded in perpetuity to the British Crown by Spain by way of the Treaty of Utrecht in 1713 following the War of The Spanish Succession.
Gibraltar has a long history of being a crucial and strategic location for the British military, indeed the territory continues today to play an essential and valuable role in terms of the UK Ministry of Defence’s overall capability and global reach strategy.
The territory of Gibraltar is a fast growing, and dynamic “city state“ with vibrant market sectors in shipping, tourism, financial services, as well as being a major centre for the location of primarily UK offshore gaming companies.
The latest benchmark in Gibraltar’s quest to become a renowned global commercial centre was the recent opening of the Gibraltar World Trade Center building comprising of over 250,000 sq ft over seven floors of state of the art office space. At the date of opening in February 2017 the World Trade Center was almost entirely let, such is the commercial world’s confidence in Gibraltar as a fast developing, strategically located, excellently appointed business hub.
Gibraltar’s economy ranks highly in terms of global GDP statistics per capita. With an overall GDP of in excess of £1.5bn, and a resident population of circa 30,000, all of this has fed through to a very active and healthy property market where year on year growth has been the order of the day giving rise to investment opportunities both in the ever expanding new build sector as well as the very vibrant and active buy to let sector of the market. It is not only companies and their employees who are attracted to Gibraltar. High net worth individuals can benefit from low taxation upon certain qualification. This sector has added significantly to Gibraltar’s fabric as well as the property market. As such, attractive rental yields are on offer as well as sustained forecast capital growth.
Gibraltar is often referred to as “Britain in the sun“ and whilst this terminology is used in a light hearted and tongue in cheek way, there is a very comforting and reassuringly British feel to this unique and special location under the blue skies of the Mediterranean, yet only two and half hours flying time from the UK.
We look forward to working with you and helping you to realise your Gibraltar property aspirations in conjunction with our Gibraltar based colleagues at Chestertons.