Glossary of terms

Off plan – Property which is planned or in construction where only the plans and developer information are available to guide you on your purchase

Residency property – Purchase restrictions apply, you must have had 3 years residency in Gibraltar to quality

Category 2 – A property eligible for the tax scheme for high net worth individuals

HEPPS – A property eligible for the tax scheme for high income earners tax scheme

Property Management fees/ Service Charges – Fees payable in apartment blocks to cover community costs, e.g. Building insurance, cleaning and maintenance

Rates – Fees payable to the Government for services to the community e.g rubbish collection, street maintenance

Price per sq m – The price of the property divided by the internal and external square metre measurement. Note external space is assumed to be worth half the value of internal space for this calculation