Gibraltar attracting wealth property buyers: "Gibraltar is proving to be a magnet for wealthy property buyers who can benefit from fiscal advantages as well as a plethora of new gaming, financial services and entertainment businesses, it is claimed.
In the closing stages of 2010 a handful of high floor apartments in Gibraltar’s award winning Ocean Village marina development were released back to the market for sale. Seven sold within the first week to ‘waiting list’ buyers meanwhile, across a three week period in 2011, a further three properties priced between £280,000 and £470,000 have been snapped up.
‘It’s most reassuring that even amidst an enduring global recession, most notable across the border in neighbouring Spain, properties within our multi award winning residential towers will still sell at high speed. We expected a rush at re-release in November, but to have continued strong sales here in 2011 is very encouraging. The reason for this is a perfect location on both a macro and micro scale,’ said Brian Stevendale, sales and marketing director for Ocean Village."
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