28 May 25
Is Now the Right Time to Buy in Gibraltar?
David Revagliatte talks to Louis Montegriffo about Gibraltar's Real Estate Market
Gibraltar’s property market has undergone a meaningful correction in the past two years, and for well-informed buyers, it may present valuable opportunities.
In BMI Group’s latest Property Market Update, Managing Director Louis Montegriffo explains how the sharp growth seen between 2020 and 2022 has shifted into a period of realignment. Property prices have adjusted by 15% to 25%, depending on the segment, following earlier surges of up to 100%. While the term “downturn” is sometimes used, Montegriffo describes this as a natural recalibration of the market.
“I’m not necessarily seeing prices coming down any further,” he says, adding that the market is now price sensitive but transactional when correctly priced. Prime properties, such as those in frontline locations, have held their value, while other segments have become more accessible.
The result is an environment that offers opportunities for a range of buyers—first-time homeowners, long-term investors and those seeking capital appreciation. Buy-to-let investors are also returning to the market, as falling interest rates and stable rents are pushing yields back to 4.2 to 4.3 percent.
“We are certainly optimistic moving forward,” says Montegriffo, highlighting that confidence in Gibraltar’s long- term economic stability continues to support property investment.
Watch or listen to our latest Property Market Update for the full picture.