2015 saw the launch of Midtown phase 2, Ocean Spa and Kings Wharf Quay 29.
In brief, all three phases/developments sold out in no time with only a few properties remaining directly from the developer. Although one would be tempted to mark this as a huge success on the part of the developers, we will keep a watchful eye on where demand for these units has originated and who the buyers are.
We have always maintained that a mix of owner occupiers, seasoned investors and a small measure of speculators is healthy, any overdose of the latter and you become exposed. To learn more about our thoughts on this; please feel free to call us.
BMI Group are development consultants for a substantial market share of all new developments in Gibraltar.