The three-year residency property market, also known as the restricted market, is only accessible for those applications who have been living in Gibraltar for a continuous period of 3 years.
These restricted developments have been built on Government owned land and are subject to strict criteria regarding who can and cannot purchase these properties.
These restricted developments, also know as affordable housing, were originally constructed to provide affordable accommodation for the local residents of Gibraltar or those properties that were previously owned by the Government and subsequently released to the market for private ownership.
These properties may only be occupied by the owner and their immediate families and renting them out is strictly prohibited.
These properties cannot be purchased by individuals who already own property in Gibraltar.
Due to the strict restrictions applied to this type of property, sale prices are usually lower than those unrestricted open market properties and are therefore unsuitable for ‘buy-to-let’ investors.
Contact us if you have any further questions.