Property Investment Case Study: Gibraltar (TPI-GI-002)
Introduction:
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Location:
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Economy:
Self-sufficient Gibraltar benefits from an extensive shipping trade, offshore banking, and its position as an international conference center. The British military presence has been sharply reduced and now contributes about 7% to the local economy, compared with 60% in 1984. The financial sector, tourism (almost 5 million visitors in 1998), shipping services fees, and duties on consumer goods also generate revenue. The financial sector, the shipping sector, and tourism each contribute 25%-30% of GDP. Telecommunications accounts for another 10%. In recent years, Gibraltar has seen major structural change from a public to a private sector economy, but changes in government spending still have a major impact on the level of employment.
Property Market:
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Examples:
Attractions:
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Transport Infrastructure:
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Local Mortgage:
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Inflation:
1.5%
Economic Growth:
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Sunshine Days:
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Annual Rainfall:
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Temperatures:
Winter: No data available
Summer: No data available
Property Price Inflation:
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Local Currency:
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Cost of Living Index:
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Income Tax:
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Property Tax:
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Capital Gains Tax:
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Buying and Selling Costs:
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Rental Yields:
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Report Compiled By:
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Report ref: TPI-GI-002
Date created: 26-10-2006