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Gibralter - Can Anyone Give Me An Opinion?

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Freinds have urged ne to consider Gibralter as an investment for the following reasons:

1) Capital growth a long way to go due to total re - development of the island attracting the business community

2) They believe it will become similar in feel and tone to Monaco

3) Year round rent acheivable from people emplolyed in expanding business sector (not tourist reliant)

4) Gambleing magnet

5) UK property law and rules, so buying is easy compared to other European nations

What do you think, is capital growth likely over 5 - 10 years?

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Freinds have urged ne to consider Gibralter as an investment for the following reasons:

1) Capital growth a long way to go due to total re - development of the island attracting the business community

2) They believe it will become similar in feel and tone to Monaco

3) Year round rent acheivable from people emplolyed in expanding business sector (not tourist reliant)

4) Gambleing magnet

5) UK property law and rules, so buying is easy compared to other European nations

What do you think, is capital growth likely over 5 - 10 years?

dunno - try PM'ing "ian beale" on this site. i think he lives/lived there but i'm not sure.

anyway, shouldn't you learn to spell "Gibraltar" before piling lots of cash into it? :P

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dunno - try PM'ing "ian beale" on this site. i think he lives/lived there but i'm not sure.

anyway, shouldn't you learn to spell "Gibraltar" before piling lots of cash into it? :P

I've got a friend from Gibralar and he thinks it's overvalued already. I think you missed the boat on that one.

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Freinds have urged ne to consider Gibralter as an investment for the following reasons:

1) Capital growth a long way to go due to total re - development of the island attracting the business community

2) They believe it will become similar in feel and tone to Monaco

3) Year round rent acheivable from people emplolyed in expanding business sector (not tourist reliant)

4) Gambleing magnet

5) UK property law and rules, so buying is easy compared to other European nations

What do you think, is capital growth likely over 5 - 10 years?

I visit the rock every few weeks and I`ve been monitoring prices for some time. IMHO they are seriously over valued and I believe they have some rather strange tenancy laws. As for rents most people I know rent nearby in Spain where you can get a better deal.

Some serious research needed before risking your hard earned.

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no idea about property values in Gibraltar, but I've visited quite often and know the Spanish side of the area, which is deliberately run down and neglected by the Spanish government to make living in Gibraltar as unattractive as possible. Plus the 2-3 hour queues that the Spanish make you wait to get off the rock back into Spain while every single car is checked going through the checkpoint - again deliberate policy. It's a strange place, full of half-Spanish/British expats and Moroccans flogging 200 cigarettes tax-free for a fiver.

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I've just come back from there and had a poke around the estate agents. As I expected, the prices were pretty ridiculous - makes London look reasonable IMO. Of course, it's a very small place and so there is an argument that the price of land should be high. However, I just can't see that such high prices can be sustained considering the lack of industry there and although various online gambling firms and others have opened up, I would personally not invest there just on that basis. A lot of employees in Gibraltar companies actually live on the Spanish side of the border (La Linea) but even that is ridiculously priced considering the lack of local industry. Prices there have about tripled since 2000 and a 3-bed flat is about £120k now, way above any sensible local wage multiples. Gib's got a long way to go before it becomes another Monaco IMO.

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I've just come back from there and had a poke around the estate agents. As I expected, the prices were pretty ridiculous - makes London look reasonable IMO. Of course, it's a very small place and so there is an argument that the price of land should be high. However, I just can't see that such high prices can be sustained considering the lack of industry there and although various online gambling firms and others have opened up, I would personally not invest there just on that basis. A lot of employees in Gibraltar companies actually live on the Spanish side of the border (La Linea) but even that is ridiculously priced considering the lack of local industry. Prices there have about tripled since 2000 and a 3-bed flat is about £120k now, way above any sensible local wage multiples. Gib's got a long way to go before it becomes another Monaco IMO.

Cheers all. Ive gone for Mediterranea Saidia on Moroccos med coast instead, the most prestigious Morrocan development by far, and actually Ive seen nothing else like it in the Med.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
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