Compared to Monaco, its Mediterranean neighbour, property represents real value and upside potential, delivering an annual 5-8% return on investment over the last 17 years, driven by local, UK and international buyers, attracted by the territory’s favourable tax regime, and positive economic outlook.
With an enviable and consistent growth rate that has not dipped below 10% in nominal terms since 2010, Gibraltar’s service-based and globallyconnected economy is among the highest of OECD countries.
Besides tourism, a traditional pillar of the region with the marine services sector, recent impetus has come from remote gambling and financial services. Among other blue-chip players, Gibraltar is home to KPMG; PWC; Deloitte; Grant Thornton; Societe Generale; Ladbrokes, William Hill, Bet365, Betfred, 888, BWin, Gala, Coral, BetVic.
No VAT, no capital gains tax, and 10% corporation tax makethe territory ideal for international business. High-net worth or Category 2 individuals benefit from low income tax, no inheritance tax and no estate duty, not to mention the Rock’s lifestyle opportunities.
Gibraltar’s mild, sunny climate is unchanging, but the territory’s raised financial profile has come with upgrades to infrastructure and to lifestyle. A modernised airport and three new deep water marinas, new restaurants and, for retail enthusiasts, new retail brands reflect the economy’s dynamism.
Besides scuba, yachting and even skiing a few hours away in Spain’s Sierra Nevada, Gibraltar also offers families a secure, stable environment to call home. A variety of faith-based and secular schools provide education in English from nursery to college level. Higher education is available at the University of Gibraltar, or undertaken elsewhere, with Gibraltar’s students in the UK funded by the territory.
Numerous daily flights to and from the UK and elsewhere in the EU make international connections simple. The flight time to London is 2.5 hours. Malaga airport is accessible by car, as is Marbella, Sevilla, Sotogrande and Tarifa in Spain. Morroco is a short yacht or ferry crossing away.
