Brief history – In the early 1990’s the local Gibraltar Government introduced the “Home Ownership Scheme” where new residential properties were offered to the local population at affordable prices. Over the years these “First time buyers” have naturally moved up the property ladder hence a secondary residential Resale “Restricted” market has occurred. In order to purchase in these “Restricted” markets, approval from Land Property Services (Governments Land Agents) must be granted to the purchasers.
The following are general guidelines which may be required for this approval.
1. Being eligible to be included in the Gibraltar Housing Waiting List
2. If Gibraltarian and have lived abroad, you must have resided in Gibraltar for a minimum period of one year before applying (special circumstances may apply)
3. All other applicants must apply to LPS
Following are the developments which are currently under the Restricted Market Umbrella
Disclaimer- the above information is for guideline purposes only. Full details can be obtained from Land Property Services