Frequently asked questions about Gibraltar residential properties
What are the average property prices in Gibraltar?
The cost of real estate in Gibraltar for luxury villas reaches 10,000 euros per square meter. Apartments and flats in residential complexes are priced 10% cheaper. When purchasing a property with a rough finish, the price per square does not exceed 7,000 euros.
What are the best areas to buy real estate in Gibraltar?
Uptown and the East Side are good options for permanent residence. Both areas have important social facilities, including shops, hospitals, and schools. This is also the first place tourists go to. Due to this, you can rent out the purchased housing.
What documents do you need to obtain a property for sale in Gibraltar?
Foreigners require a valid passport. Selling housing in Gibraltar is also impossible without presenting permission to purchase the apartment from local government agencies.
What are the annual costs of maintaining Gibraltar housing?
Every year, owners of real estate with a square area of 100 meters pay about 1,500 euros. This amount includes tax on the land on which the building is erected and utilities.
