Hassans Centenary Terraces Gibraltar
Located just off of the southern tip of Spain is the British enclave of Gibraltar. It is an off-shore jurisdiction which is VAT free and is visited by business people, workers and tourists throughout the year. Many of the online gaming and gambling firms chose to base their head offices in Gibraltar due to the tax benefits.
More recently it has become a key player in the FINTECH arena with many firms using the Gibraltar law firms to help with their offerings as they are a leading counsel on the DLT regulations for Fintech companies.
Everyday many workers from Spain cross the border to work on the Rock. In addition, over the last decade or so, many people with jobs in Gibraltar have relocated to the Rock on a more permanent basis.
One thing you will notice when looking at property for rent or to purchase is the high costs. Because of its off-shore status and strategic location, property in Gibraltar is always at a premium. This is coupled with the fact that it is a relatively small place so there are limited places to build homes, especially new homes. The Rock was increased in size many years ago when land was reclaimed from the sea in order to provide additional space.
New homes for sale in Gibraltar are far less frequent than in the neighbouring Spanish resorts and this low frequency means there is normally a very high demand for these homes.
One of the latest offering is a development called Hassans Centenary Terraces and because these are considered ‘affordable’ housing, they have been offered to Gibraltar residents via Gibraltar Residential Properties (GRP). People that have applied will be advised soon whether their application has been successful.
If you would like to know more about Hassans Centenary Terraces in Gibraltar a good choice of law firm is Triay who have been operating in Gibraltar for many years and have specialists in property law.
