Buying & Renting Property in Gibraltar
Land tenure in Gibraltar follows UK principles. Land and property are either held on a Freehold or Leasehold basis, with the latter taking various forms depending on the length of the lease term and whether residential or commercial. It is not the policy of HM Government of Gibraltar, to grant Freeholds. Those that do exist are historical and are mainly concentrated in the central Town area. It is now the common practice to make available Crown Lands and property on long leasehold terms usually for 99 or 150 years. Commercial lettings take various forms depending on the circumstances of the business venture and location.
Source: HM Government of Gibraltar website
The rental market in Gibraltar has been rising steadily over the years and is now comparative to London prices. It’s cheaper living in Spain just across the border – there are many little towns near the frontier such as San Roque, La Linea, Santa Margarita and Alcaidesa.
Around 20,000 people are permanently employed in Gibraltar, consisting of both locals, and foreigners living just across the border in Spain. It’s estimated that about 9,000 people cross the border for work everyday, most of the time is without incident.