Ocean Village homes set to alleviate Gibraltar’s housing shortage

Amidst a global recession where property prices are crashing apace – most notably across the border in Spain – Gibraltar finds itself facing a quite different problem. On the Rock there is job creation, rather than job loss, across all sectors of business and as the beaches and hotels fill up for summer, so too does the accommodation. Ocean Village’s residential plazas are completing just in the nick of time.

Brian Stevendale, Sales & Marketing Director of Ocean Village, comments, “International companies expanding within or entering Gibraltar for the first time are leading the demand. We are being inundated with requests for rental property in particular as these companies plan the logistics of where to house their staff. We have had one gaming company tell us that they are bringing up to 200 more staff here in July. We’re also tying up a multi-million pound office deal with a FTSE100 company new to Gibraltar which has lofty plans to create many jobs. Each has the same worry - where will their team members live?”

The answer could lie within Ocean Village - Gibraltar’s leading mixed-use marina development. Ocean Village Grand and Majestic Ocean Plazas are scheduled to complete in July, just in time for the influx of new job creation. All properties were sold at launch, in record time, but according to Brian this doesn’t necessarily mean disappointment.

Brian continues, “Fortunately there are plenty of rentals available in the new Plazas as many owners bought for investment purposes. Our residential complexes are increasingly popular as they access the oasis of seven swimming pools set in sub-tropical gardens available exclusively to residents. There is also a health club and an array of eateries and retail outlets fringing the waterfront including a flagship Gala casino on Leisure Island. Ocean Village has a clear vision of work, rest and play which is unparalleled on the Rock - anyone looking to live at Ocean Village should pre-register their interest or they are going to miss out.”

After Darling’s shock announcement for a 50% rate of income tax for high earners, British entrepreneurs are already planning a tactical emigration with Gibraltar making the top of the list. Act quickly to secure your housing then a thriving economy boosted by a raft of tax breaks awaits.

For further information, visit oceanvillage.gi