Gibraltar Real Estate Tenders

The Gibraltar real estate market is a vibrant and dynamic one, offering a unique blend of luxury developments, historical properties, and modern commercial spaces. In recent years, the market has experienced significant growth, fueled by a combination of factors such as:
Limited land availability: With only 6.8 square kilometers of land, Gibraltar has a limited supply of real estate, driving up prices and making it a desirable investment destination.
Strong economy: Gibraltar boasts a strong and diversified economy, with a GDP per capita that ranks among the highest in the world. This economic stability attracts both local and international investors.
Favorable tax regime: Gibraltar offers a number of tax benefits for businesses and individuals, making it a particularly attractive location for high-net-worth individuals and international companies.
Brexit: While Brexit has caused some uncertainty in the region, it has also led to increased interest in Gibraltar from businesses and individuals seeking to relocate from the UK.
As a result of these factors, the average price of property in Gibraltar has increased significantly in recent years, reaching an average of around £900,000 in the second half of 2022.

The Gibraltar government is a major player in the real estate market, both as a developer and a tenant. In recent years, the government has undertaken a number of major real estate projects, such as the construction of new housing and office space. The government also leases a significant amount of space for its own use, including office buildings, schools, and hospitals.

The main real estate products and services procured by the Gibraltar government include:
Construction services: The government contracts with private developers to construct new buildings, such as housing, office space, and schools.
Property management services: The government contracts with property management companies to manage its own property portfolio, which includes a mix of residential and commercial properties.
Real estate consultancy services: The government may hire real estate consultants to advise on a range of issues, such as market trends, property valuations, and the development of new real estate projects.

The top authorities responsible for real estate procurement in Gibraltar include:
Ministry of Housing: The Ministry of Housing is responsible for developing and implementing government housing policy.
Land Development Agency: The Land Development Agency is responsible for managing the government's land portfolio and overseeing the development of new real estate projects.
Gibraltar Property Services: Gibraltar Property Services is a government-owned company that provides property management services to the government.

Some of the top winners of Gibraltar real estate procurement contracts in recent years include:
BMI Group: A leading real estate and construction company in Gibraltar.
Savills: A global real estate services firm.
Cushman & Wakefield: Another global real estate services firm.

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