Gibraltar sees housing market resilience as the Government continues its efforts to 'Unlock the Rock'

Contributed by ISOLAS, 09 June, 2020

Law firm ISOLAS LLP has reported continued activity in the local property market, while advising clients on the best way forward.

Following the launch of the Gibraltar Government's strategy to ease the COVID-19 related lockdown restrictions, ISOLAS LLP has reported that the local property market continues to be active, as the firm advises clients on the safest way to make the move.

The Government's recent 'Unlock the Rock' programme is aimed at lifting restrictions on certain sectors of the economy in carefully planned phases.

However, to ensure that any transaction complies with the current restrictions, in order to protect the local community, the ISOLAS LLP team has compiled eight key points and considerations that will help keep buyers and sellers safe during this time.

Sarah Miles, Managing Associate and property law solicitor laid out the following steps buyers should be aware of when entering into a transaction in the current climate:

Sarah added: "The property market is an important part of sustaining Gibraltar's economy. From investment opportunities in buy-to-lets and luxury real estate, to someone's purchase of their first home, it is important that this functionality is up and running, but carried out in a safe way that continues to protect our community."

For further infomation please contact Sarah Miles at sarah.miles@isolas.gi

In addition to the advice we provide our clients and the wider community at ISOLAS LLP, it is also important for everyone's future health and prosperity that we remember to follow the guidelines laid out in the 'Unlock the Rock' programme."

The full 'Unlock the Rock' guidance can be found here: https://www.gibraltar.gov.gi/uploads/Unlock%20the%20Rock/UNLOCKTHEROCK.pdf

Tags: Investment | Invest | Investment | Property Investment |

 

 





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