Three property sales in three weeks for Gibraltar’s Ocean Village Marina
In the closing stages of 2010 a handful of high floor apartments in Gibraltar’s Ocean Village marina 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. Why the demand? Answer – location location location.
Brian Stevendale, Sales & Marketing Director for Ocean Village explains, “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.”
Brian continues, “At macro level Gibraltar is proving to be a magnet for extremely wealthy individuals who cannot resist the fiscal advantages of becoming resident here alongside newcomers who’ve flocked to the Rock to work in the plethora of new gaming, financial services and entertainment businesses. Gibraltar is one of the wealthiest per capita income countries in the world, has a stable Government, over 300 days of warm sunshine each year and countless tax incentives including no CGT, no wealth tax, no sales tax, no VAT and low corporation tax of 10% or less. Our 15,000m² World Trade Center planned for neighbouring Marina Bay will triple the office space already sold or leased at Ocean Village and attract even more discerning businessmen to our incredible residential plazas.”
Brian finishes, “At local level, Ocean Village is a coveted address thanks to its abundant on-site facilities from seven swimming pools to a state-of-the-art Health Club. High floor properties also have incredible views of the Rock, Strait and across to Africa just a few kilometres in the distance. Add a Gala Casino, fine dining in a wide range of restaurants, plenty of bars, boutiques and 336 berths from 12 metres to 80 metres on the doorstep and you can see the appeal. Gibraltar’s International Airport with its £100million terminal due to open November 2011 is conveniently within walking distance – Ocean Village really ticks every box.”
For further information on the last remaining properties priced from £367,000 for a furnished 16th floor apartment with views of Gibraltar and Africa, as well as berth availability in the marina, visit oceanvillage.gi.
