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Midtown

Midtown, located in the heart of GIbraltar's city centre, offers the blend of luxury and convenience that's hard to beat.

Midtown - Luxury Development in Gibraltar

Overview

Midtown represents modern living in the heart of Gibraltar. This development, completed in 2018, offers a blend of residential, corporate, and commercial spaces. Designed by Lovelock Mitchell Architects, Midtown integrates city living with Gibraltar’s urban fabric.

History and Development

Midtown’s development marked a significant transformation in Gibraltar’s city centre. This project, embracing both the new and the historical aspects of the area, has become a significant urban landmark. The architectural approach taken by Lovelock Mitchell Architects reflected a balance between contemporary design and the historical context of its location. Madison, Boston, Lexington and Lincoln – just some of the names of the buildings in this development inspired by a North American theme, which offers residents a home environment that melds comfort and convenience with a modern, big city feel.

Features and Amenities

The complex comprises 120 residential units, ranging from 1 to 4 bedroom apartments to exclusive penthouses. Each unit was fitted, at completion, with contemporary kitchens, modern bathrooms, and high-quality interior finishes including American Walnut hardwood flooring.

Residents have access to private gardens and a pool area, providing a quiet retreat within right in the heart of the city. The development also features a residents’ roof garden and secure parking facilities.

Location

Situated in at the heart of the City Centre, Midtown is conveniently located near various amenities. This includes the leisure centre, a fun, family-focused centre with cinemas, bowling lanes, a fitness centre, an excellent indoor climbing park and diner style restaurant. Right next door to Main Street and Irish Town, residents in Midtown live on the doorstep of all the great shopping and dining that Gibraltar has to offer. In addition, the close proximity to a nursery (which occupies the ground floor unit of one of the estate’s buildings), a five minute walk to the epicentre of Gibraltar’s busy financial services and online gaming/gambling industries, as well as parks, schools and an on-estate supermarket, Midtown really is as practical as modern urban living can get.

 

Key considerations when considering the purchase of luxury residential property in Gibraltar

How much Tax is paid in Gibraltar?

The key headlines for tax in Gibraltar are that corporate tax is levied at a flat rate of 12.5%, personal income tax is charged at an effective rate of 25% (26% effective rate for one year from 1 July 2022 as a Covid response measure announced on 28 June 2023) on the first £500,000 of income and that Gibraltar does not levy any capital gains tax, inheritance tax or tax on passive income.  Gibraltar also has specific programmes designed to meet the needs of high-net-worth individuals (Category 2) and their families as well as high executives possessing specialist skills (HEPSS). Add to that the wide range of structuring options available in Gibraltar, and Gibraltar represents an attractive proposition in tax to bolster the many other appealing features of moving to and living in Gibraltar.  For more information, visit our Gibraltar Tax page.

What taxes do high net worth individuals pay in Gibraltar?

High Net Worth individuals are able to take advantage of Gibraltar’s Category 2 status to limit tax payable on their worldwide income. Currently, CAT2 individuals pay tax on a maximum of £118,000 of assessable income, resulting in a maximum tax payable of $44,740), subject to the payment of a minimum tax of £37,000 per qualifying year.

How do I qualify for Category 2 status in Gibraltar?

To qualify as a Category 2 individual, the applicant must be able to prove a minimum net worth of £2m, have approved accomodation in Gibraltar, and not have been resident in Gibraltar for five years prior to the application. The Cat 2 status is governed by the Qualifying (Category 2) Individuals Rules 2004

Is there a Wealth Tax in Gibraltar?

No.

Is there Inheritance Tax in Gibraltar?

No.

What is Gibraltar's currency?

The official currency in Gibraltar is the Gibraltar Pound. The Gibraltar Government prints the Gibraltar Pound which is accepted interchangeably at equal value with the Great British Pound. Our banks track the Bank of England’s rates of interest as they are amended from time to time. Local businesses accustomed to trading in a busy tourist environment also widely accept Euros. Contactless payments are possible at the vast majority of, if not all, establishments.

What are the key features of Gibraltar's economy?

Gibraltar’s economy is powered by a diverse range of activities which widely fall into one of four categories – tourism, financial services, online gaming/gambling and the port.

Gibraltar attracts millions of tourists by land, sea and air every year. Air passengers now arrive and leave via Gibraltar’s international airport (https://www.gibraltarairport.gi/) which serves most of the main London airports and regional centres such as Manchester. Gibraltar Airport also welcomes private charters from other destinations. Arrivals by land consist of day tourists coming across on foot or in car/coach, as well as the many thousands of workers that come in and out of Gibraltar every day. Gibraltar also welcomes a significant number of cruise calls by the world’s leading companies during an extended peak season between May and November each year.

What are the key features of the Education system in Gibraltar?

Education in Gibraltar is largely state provided but there are also a growing number of private nurseries and schools.  The availability of choice in education is one of the key requirements of both entrepreneurs and executives relocating to Gibraltar, and Gibraltar now offers just that.  The public sector schools have seen huge investment in infrastructure which is expected to continue as additional new schools are built.  Primary and secondary schooling in Gibraltar is compulsory and free to Gibraltar residents – for more information, visit the Gibraltar Department of Education‘s website.

How does the health system in Gibraltar work?

The Gibraltar Health Authority is the core of healthcare in Gibraltar, offering free and extensive healthcare to registered users. The Gibraltar Health Authority (GHA) was set up under the Medical (Gibraltar Health Authority) Act 1987 and its purpose is to provide healthcare in Gibraltar, which is home to just over 34,000 residents. Gibraltar enjoys similar healthcare, and standards of healthcare provision, to most Western European countries. The GHA operates a Group Practice Medical Scheme, which is a contributory scheme and enables registered persons to access free medical treatment. For further information visit www.gha.gi

Can I live in Gibraltar?

British Nationals are able to come to Gibraltar to live and work subject to complying with certain administrative requirements. Gibraltar is proud to be a cultural melting pot that, over the years, has seen people from all over the world make Gibraltar their home. As a centre for leading international businesses in gaming, insurance and other financial services fields, Gibraltar welcomes citizens from around the globe, whether by virtue of their or British citizenship or where workers come from further beyond, by means of work permits issued by the Department of Employment.  Hassans is able to assist in these applications as well as with applications based on the Category 2 qualifying status or on the High Executive Possessing Specialist Skills (HEPSS) basis. Find out more about Immigration

Hassans’ Property Team

Hassans’ Property team offers residential conveyancing and all other property-related legal services in Our team’s experience in the local property market enables us to assist clients effectively. We are able to assist in respect of all aspects and perspectives in property transactions in Gibraltar. For more information about the team please visit our Gibraltar Property Lawyers page.

Contact Us for an Initial Discussion

If you’re looking to buy or sell a property in Midtown, or one of our other featured luxury developments (Admiral’s Place, The Anchorage or The Sails), or anywhere else in Gibraltar, reach out to Hassans’ Property team. We offer an initial, obligation-free consultation to help you understand your options. Contact us to learn more about how we can assist you with your property goals.

Midtown Enquiry

Buying/selling/need more information about Midtown? Please use the contact form and we'll be in touch with you soon

This data will only be used by Hassans for processing your query and for no other purpose. View our privacy policy