It isn’t difficult to understand the enduring appeal of Gibraltar as a place to live; after all, this is a highly distinctive and stimulating part of the world, with elements of both Spanish and British cultures – a reflection of the jurisdiction’s complicated political situation stretching back centuries.
Gibraltar is highly liveable, too, attracting great numbers of both retired expats and professionals earning large salaries, which also helps to explain what can sometimes be prohibitively scarce and expensive property here.
Thankfully, for established residents and workers in the British Overseas Territory, there is another potential solution if they would like to acquire a property here; perusing the listings for 3-year residency homes in Gibraltar that we keep regularly updated here at 1704 Luxury Real Estate.
The term ‘3-year residency homes in Gibraltar’ refers to those properties in the territory that are only available to Gibraltarian families and British citizens who have spent the last three consecutive years living in and working in Gibraltar.
The three-year residency market is also sometimes referred to as the local market or residency market, and is different to the open market. That’s because 3-year residency homes in Gibraltar like those we advertise here at 1704 Luxury Real Estate are developed under a co-ownership affordable housing scheme by HM Government of Gibraltar.
Evidence that a given applicant has been living in the territory for a continuous period of three years is normally provided in the form of a Gibraltar ID card. Only the owner and his or her immediate family are permitted to live in these properties, which also cannot be rented out to any third party. This makes them unsuitable for those seeking a buy-to-let investment.
Such restrictions help to explain the lower prices for which 3-year residency homes in Gibraltar are available, compared to unrestricted open-market properties.
We are proud to provide continually updated listings of some of the most desirable 3-year residency homes in Gibraltar here at 1704 Luxury Real Estate. As specialists in high-end properties across the territory, we are the agency to which to turn when you are unwilling to sacrifice quality in your search for genuinely attainable three-year residency homes in advantageous locations.
Why not take the opportunity now to peruse the properties we have most recently added to our database, in the knowledge that we also possess the extensive experience and know-how required to provide truly industry-leading services?
Check out our specialized ‘1704 3 Year Residency Homes’ page on our website to exclusively search for stunning affordable properties.