Gibraltar has been enjoying a building boom over the last few years. This ‘boom’ is being fuelled, in part, by a very healthy property market. Gibraltar’s unique fiscal jurisdiction, its strong and stable economy (even under the seemingly endless Brexit uncertainty) and progressive government policies have led to a number of property developments popping up at very desirable locations around the Rock.
A recent real estate success story is the Ocean Spa Plaza development of studio, one-bed and two-bed apartments in Gibraltar’s desirable Ocean Village district. It’s intelligent design features, on-site luxury spa and excellent location, have made it very desirable amongst buyers looking for a long-term home and those on the market for a buy-to-let apartment.
While flats in Gibraltar make great investments due to high demand and buoyant market conditions, one does need to look ahead and check out upcoming new developments if they are after the best property investment. This means looking at off-plan option where purchase prices can be significantly lower than the market average.
Phoenix Real Estate is currently listing a number of new property developments in Gibraltar which offer the buyer a number of key benefits if you buy off-plan. Purchasing a property off-plan means that buyers invest in a new development even before the property is built using only the plans available for inspection. It allows buyers to achieve strong capital growth as well as the opportunity to re-sell at a profit even before completion.
Gibraltar’s upcoming new developments include ‘The Reserve’ a collection of high-end properties that are set to come with some of the most stunning views over the bay and towards Morocco. Apartments will boast generous terraces that blur the lines between inside and outside space and an abundance of amenities including pools, tropical gardens, fitness centres and allocated underground parking spaces.
Another investment opportunity to watch out for is Forbes, a collection of 73 stylish apartments in Gibraltar’s up and coming Eastside district. Phoenix Real Estate is offering buyers the chance to invest in what is set to become one of Gibraltar’s most desirable developments due to its convenient location, high calibre finishes, sleek ‘city-living’ vibes and top-rate amenities which will include a gym, sauna and cafe.
For full information on these three developments and all other properties in Gibraltar, contact the team at Phoenix Real Estate on (+350) 200 77000 or email@example.com
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Phoenix Real Estate
28 Engineer Ln,
Gibraltar GX11 1AA