Are Gibraltarians being priced out of our own property market?

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 Friday, October 14, 2022 - 10:57

In my opinion by F. Oliva

Property prices in Gibraltar long ago surpassed acceptable boundaries.

We see more and more houses advertised well above the psychologically stupefying threshold of £1m, and the estimation is that at the upper high end of the property market, the square metre currently valued at £9,000 will carry on increasing and soon exceed the £10,000 mark. As a result rich foreigners and the local judicial-financial elite are buying these luxury properties, which working middle-class families can only admire in photographs or at a discreet distance.

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