thePropertyPropertymagazineJune - July 2010complimentary copy

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EDITORIAL:

June - July 2010

We take every care in ensuring this publication is as accurate as possible, but neither Bray Properties Limited nor its agents accept any responsibility for any loss or damage which may arise from errors or omissions.

These particulars are set out as a general outline for the guidance of intending purchasers or lessees, and so do not constitute, or constitute part of an offer or contract. All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are intended to convey a fair and accurate impression, but any intending purchaser or lessee should not rely on them as statements or representations of fact. We advise any intending purchaser or lessee to make their own enquiries in relation to any point which is of particular interest to them before entering into firm negotiations.

No part of this publication including text, illustrations, typeset and images may be reproduced in any form without the express permission in writing of Bray Properties Limited.

Bray Properties Limited 2001-2010

Bray Properties Limited.

1 The Boardwalk, Tradewinds,

Gibraltar

Tel: (+ 350) 200 47777www.brayproperties.com

Autumn is not a time of year normally associated with being a busy season for the property market, but the last quarter has re-affirmed that Gibraltars property market has now passed through the worst of the effects of the global economic climate.

Since our last edition there continues to be a significant increase in the number of international clients seeking to relocate here and who see Gibraltar as the place to make their property investment for the medium to long term.

Many are naturally attracted to our shores by the potential tax savings, but there is a growing interest in Gibraltar not only as a means of reducing tax exposure, but, more importantly, as a permanent residence. Gibraltar has come on leaps and bounds during the past two decades and there can be no denying that it is a more attractive proposition to international companies and High Net Worth Individuals than ever before, but tax savings are no longer the only reason for this influx.

Gibraltar has undergone a massive facelift during the last twenty years and thanks in large part to that, the Rock has evolved in to a jurisdiction where one can enjoy not only tax savings, but have the peace of mind in knowing it is one of safest places to live in Europe, with the added bonus of a modern infrastructure and a Mediterranean climate with international air-links on our doorstep.

As with any good recipe, the ingredients are always the secret of success and Gibraltars buoyant property market owes it strength to the combination of the matters I have mentioned, although that is not the whole story. The construction boom of the last decade ensured Gibraltar was able to accommodate the many professionals and businesses relocating here, but as the Summer of 2010 comes upon us there is a distinct shortage of new housing projects in the pipeline.

Next month will see the completion of Quay 27, and it may be the last opportunity for investors to purchase before we see local house prices increasing due to the shortage of private residential construction. This imposing 19 storey structure is situated on the waters edge adjacent to Cormorant Wharf and Queensway Quay and features a selection of 1, 2, 3, and 4 bedroom apartments with an emphasis on large open areas.

There are a limited number of superb opportunities to purchase in this development at or below the original prices and now is the time to buy as hand over by the Developer is imminent. If you would like any further information please contact our office on +350 200 47777 or by email info@brayproperties.com

Kind regardsJustin Bray

The Quay to Success

2 Editorial

3 Gibraltar (Studio & 1 Beds)

5 Gibraltar (2 Bedrooms)

14 Gibraltar (3 Bedrooms)

22 Gibraltar (4 Bedrooms +)

25 Gibraltar (Lettings)

26 Spain (Lettings)

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GIBRALTAR studios & 1 bedrooms

Tax Cat

G2187 Ocean HeightsCentrally located 1 bedroom duplex apartment

next to Main Street making an ideal pied-a-terre, bathroom, FF kitchenette and a communal

swimming pool.PRICE: 115,000

Tax Cat

Tax Cat

Tax Cat Tax Cat

G2307 Ocean HeightsConveniently situated 1 bedroom apartment with

Rock views, bathroom, FF open-plan kitchen, living room and communal swimming pool.

PRICE: 124,950

Tax Cat

Tax Cat

G2069 Both WorldsA one bedroom furnished apartment in the over 50s section of this tranquil development, large

terrace, A/C & superb sea views.PRICE: 135,000

G2263 Both WorldsA beach-side 1/2 bedroom apartment with a

private terrace and great sea views and located in the open market section of this tranquil development, bathroom, FF kitchen and

living area.PRICE: 149,500

G2280 Marina BayFully re-furbished studio apartment, new shower room, FF kitchen, living room cum bedroom and terrace. Communal facilities include a swimming

pool and parking. PRICE: 153,000

G2179 Atlantic SuitesStudio apartment with sea views in the heart

of the Finance Centre comprising a bathroom, FF kitchenette, balcony, living room/bedroom & optional swimming pool and fitness centre

membership available.PRICE: 170,000

G2186 EurotowersFurnished 1 bedroom executive apartment in the Finance Centre on a mid floor with

Rock views, bathroom, FF kitchen and living room. Communal amenities include a roof-top

swimming pool and squash court.PRICE: 179,950

G2347 EurotowersModern 1 bedroom executive apartment on a high floor in the heart of the Finance Centre, bathroom, FF kitchen and living

room. Communal amenities include a roof-top swimming pool and squash court.

PRICE: 185,000

Tax Cat Tax Cat

G2277 Both WorldsA beach-side 1/2 bedroom apartment with stun-ning sea views and located in the over 50s sec-tion of this beach-side development, bathroom,

FF kitchen, living area and terrace.PRICE: 133,999

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GIBRALTAR studios & 1 bedrooms

Tax Cat HEPSS2

G1960 Town CentreSpacious 1 bedroom apartment with a bathroom,

FF open-plan kitchen, ample storage and living room.

PRICE: 199,000

G1927 The CliftonsAn exclusive 1 bedroom furnished apartment in the South District, bathroom, FF kitchen, sunny living room leading onto a terrace, reverse cycle

A/C, communal pool and allocated parking.PRICE: 279,900

G1707 Kings Wharf1 bedroom apartment with sea views close to the town with a FF kitchen, bathroom, wooden flooring, terrace, reverse cycle A/C, communal

pool and allocated parkingPRICE: 245,000

Tax Cat HEPSS2

G2320 Kings Wharf1 bedroom apartment won a high floor - FF kitchen, bathroom, terrace, wooden flooring,

reverse cycle A/C, communal pool and allocated parking.

PRICE: 259,500

Tax Cat HEPSS

G2319 Atlantic SuitesA superbly priced 1 bedroom apartment with

Rock views in the heart of the Finance Centre FF open-plan kitchen, bathroom, living room,

terrace, reverse A/C, allocated parking & optional fitness centre membership. Viewing

Recommended!PRICE: 235,000

Tax Cat HEPSS2

Tax Cat HEPSS2

Tax Cat HEPSS2

G1959 Town CentreSpacious 1 bedroom apartment (was 3) next to Main Street, bathroom & cloakroom, FF

kitchen, large living room, A/C.PRICE: 205,000

G1927 The CliftonsA unique 1 bedroom furnished apartment with sea views, bathroom, FF kitchen, sunny living

room leading onto a terrace, reverse cycle A/C, communal pool and allocated parking.

PRICE: 232,500

Tax Cat

G2329 Marina BaySpacious marina apartment enjoying sea views, master bedroom with private terrace, bathroom, FF kitchenette and living room leading onto an enclosed

covered terrace. Communal amenities include parking and a swimming pool

PRICE: 199,000

Tax Cat

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G1963 Grand Ocean PlazaModern 1 bedroom apartment with a large

terrace and a westerly easterly aspect, bathroom, FF open-plan kitchen, living room,

reverse cycle A/C, communal pools and allocated parking space. Currently let.

PRICE: 320,000

GIBRALTAR studios & 1 bedrooms

G1867 Royal Ocean PlazaModern 1 bedroom sea-facing apartment with a FF open-plan kitchen, bathroom with under-

floor heating, west facing living room and a large terrace reverse cycle A/C, communal pools

and allocated parking..PRICE: 345,000

GIBRALTAR 2 bedrooms

G2338 Ordnance WharfExclusive 1 bedroom apartment in Dexterous House, FF kitchen, bathroom, living room with sea views leading onto a large terrace, reverse

A/C, communal pool, fitness centre and allocated parking.

PRICE: 350,000

Tax Cat

Tax Cat HEPSS2 Tax Cat HEPSS2

3 year residency requirement

Tax Cat HEPSS2

G2333 Montagu GardensPodium level 2 bedroom apartment in this

family development, bathroom, fitted kitchen and communal patio, living room and communal

parking.PRICE: 145,000

3 year residency requirement

G2360 Harbour ViewsBright 2 bedroom apartment on a high floor with sea views in this family development, bathroom, FF kitchen, enclosed balcony, living room and

allocated parking.PRICE: 155,000

G2363 Ocean H