Gibraltar Property

Gibraltar, that thorn in the Spanish side that is not part of Spain, leaps forth from the waves in the Straits of Gibraltar with surprising agility for a huge hunk of rock. Or that’s what it looks like from the boat. No matter how many descriptions you have heard, it is always a surprise when you are finally confronted with the sheer cliff of it. How can people live on that, you ask yourself? They would have to be Barbary apes. Well, most of the population is in fact based at the foot of that imposing clod of a mountain, or in the fashionable foothills, and leaves the inhospitable inclines to the famous apes. This little chunk of Britain has for good reason long attracted retirees and those looking for a taste of the good life. This is hardly surprising, since the rock offers all the advantages of Spain without a lot of the drawbacks.

Purchasing a property in Gibraltar is not a complicated process, given the strong links with Britain. Stamp Duty is levied at a rate of 1.26 percent on the property itself, plus an additional 13 percent on a mortgage, if applicable. Deed Registration fees, which involve registering the deed with Gibraltar's Supreme Court and again with the Land Titles Registry, don't usually amount to more than 100 pounds sterling, if that. There are plenty of developments offering high quality new apartments suitable for buy-to-rent.

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