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Property
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This will be primarily influenced by the volume of speculators wanting to flip their investment.
Existing stock may also be influenced by the arrival of new developments, as well as the release of ex-MoD (now GOG) stock.
Prices
In the middle tiers or upper low to mid-end of the market, prices have seen increases of approximately 9% in the 12 months leading into mid 2018. There has been a great deal more movement in the mid-end sector and we believe this is fundamentally due to the continued strength of the economy and a new wave of
purchasers, both local and ex-pat first time buyers.
The upper end has seen a slight lapse and settling compared to previous years, but this is not surprising. High end clients are no doubt keeping a cautious eye on the upper end before committing to the £2 million + market, owing to the uncertainties surrounding Brexit.
New developments
West One, The Arches, Midtown, Ocean Spa, Quay 29, Imperial Ocean and Quay 31 amount to approximately 750 units under construction and coming to market over the coming months and into the next few years.
Most are underpinned by the owner occupier market which usually drives the market – most have apt mixes that are spacious and are balanced between 1-4 bedroom layouts, reducing risk of over- exposure to one segment.
Further new projects have been launched and sold off-plan with more to be released. The Hub, Marina Club and Eurocity, Forbes and E1 have been launched this year and all are geared to the “buy to let / speculative investor” markets. In total there are approximately 800 units being constructed / proposed with completion dates from mid-2020 onwards.
I maintain that a mix of owner
The Sanctuary
The Cliftons
Tradewinds
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22 Gibraltar International
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