In a word, 'yes', you can buy a holiday home in Gibraltar. The property market in Gibraltar is open to anyone, of any nationality and from any country. There are also no rules governing how long property owners have to stay in Gibraltar (or how long a property can be left empty) which, coupled with the very low crime rates in the teritory, makes it a great place to buy property to use once in a while. A strong rental market and Air BnB demand means your holiday home could also turn a tidy profit when you're not using it.
However, although there are no restrictions on non-residents purchasing property, it's important to consider a few points:
1. Open or Local Market: Only Open Market properties can be purchased by overseas nationals or those who have not resided in Gibraltar continuously for three years. Approximately 15% of properties are Local Market which tend to be the more affordable.
2. Legal Process: Ensure you understand the legal process of buying property in Gibraltar. It's advisable to hire a local solicitor who is familiar with the regulations and can guide you through the process.
3. Costs: Be aware of additional costs such as stamp duty, legal fees, and possibly service charges if you're buying an apartment.
4. Market Conditions: Research the property market conditions in Gibraltar to make an informed decision. Property prices can be quite high due to the limited land area and high demand.
5. Finance: If you need a mortgage, check the availability of financing options for non-residents from local banks.
6. Residency: Owning property in Gibraltar does not automatically grant you residency. If you're planning to spend significant time there, you'll need to look into the residency requirements.
7. Taxation: Consider the tax implications of owning property in Gibraltar, both locally and in your home country.