EVERYONE WANTS A PIECE OF LAND. IT’S THE ONLY SURE INVESTMENT, IT CAN NEVER DEPRECIATE LIKE A CAR OR A WASHING MACHINE. LAND WILL ONLY DOUBLE ITS VALUE IN 10 YEARS”

Quite a bullish comment I thought, but it is only referring to “Land” and not “property” as such, and even so, drop a political bombshell anywhere in the world and yes, even land will drop in value and no I am not necessarily referring to Brexit or Donald Trump.For the past 18 months I have cautiously remained on the fence with respect to market opinions (it’s a safe place to be in times like these….:), I’ve done so purposely, but with a watchful eye in the hope of reaching some clarity and a degree of …

Contributed by: Louis C. Montegriffo

Property Outlook & Market Update Gibraltar 2016/2017

So on this latest issue, we get a little more serious and provide our annual “Market Update” which can also be accessed via our brand new website. We hope that the information provided will serve of some use in understanding the year gone by and what may lie ahead.IN BRIEF 2016 was by no exception an interesting year to say the very least. We had forecast and expected the market to flatten somewhat (as shown by trend on the graph below). Given the exposure to off-plan sales as well as the fact that the market had grown …

Contributed by: Louis C. Montegriffo

And now for a HARD BREXIT!!

I’ve gotta be honest it’s driving me feckin bananas – we’ve had a full 12 months of it and quite frankly it’s starting to really wind me up. I had promised myself to refrain from discussing or even mentioning the “B” word on this issue, but we’re not getting a break are we, nor are we likely to for another couple of years. Yes, we knew this would be the case, but the press / media are just having a field day with it all and depending on who you talk to and in what mood they are in, we could either be fishing…

​Our thoughts on Brexit

“My belief in Gibraltar's strength, especially in its entrepreneurship and government convinces me that as soon as we shake off the inevitable sense of disappointment, we will start to see that there is no shortage of opportunities for this small but dynamic country. The above; an extract from an email sent to me this morning by one of our portfolio clients. I thought it was worthy of mention, if only to underpin the fact that Gibraltar has endured many hurdles in its illustrious history.............We have, on all …

BREXIT: “WITHDRAWAL OF THE UK FROM THE EU”

You gotta love the quote, “withdrawal”; the U.K  withdraws from Europe. It amazes me that the  entire campaign, whether you are an “in” or “out”  campaigner, actually centres on the principle of the  prospect of the U.K leaving the E.U. The entertainment factor of Farage and Johnson (and let it be known that I’ve been a fan of both) prancing around, beating the “U.K better out” drum, whilst in the same drum beat assuring us all that they will get a better deal with Europe…

Outlook & Market Update Gibraltar

IN BRIEF: 2015 has, as indicated in our previous market update and other writings over the year, proved to be a good year for the local property sector. The year was primarily driven by new “off-plan” sales with the launch of Midtown & Imperial Ocean Plaza in late 2014, followed by Ocean Spa Plaza and Kings Wharf Quay 29 during 2015, all of which have mostly sold out! This essentially set the scene and in part, has side-lined the existing stock of residential sales, which, to be fair was struggling in terms of supply…