Home Property EscapeOverseas Property Watch: Government of Gibraltar sells affordable housing

Watch: Government of Gibraltar sells affordable housing

by LLP Reporter
4th Jul 19 1:23 pm

Her Majesty’s Government of Gibraltar announced this week the sale of the flats in the affordable housing scheme at Chatham Views. This is the third such scheme to be announced after those at Hassan Centenary Terraces and Bob Peliza Mews.

Chatham Views will be located at the current Westside School site on Queensway Road.  Now that the School is being relocated to the new building at Waterport, it frees up land for the construction of this new housing estate, which is envisaged to commence during the last quarter of 2019.

This latest development will provide a total of 228 homes in total. Significantly, once again, this project will also provide a block of rented accommodation by way of 44 purpose-built flats for the elderly which will have their own parking spaces directly underneath the blocks.

Of the 184 flats for sale in this estate, there will be four one-bedroom flats, 34 two-bedroom flats 106 three-bedroom flats and 40 four-bedroom flats.

Prices for the flats will be available as from mid-August, applying the same costing formula as for Hassan Centenary Terraces and Bob Peliza Mews. These flats will be offered for sale on a 100% basis and can also be purchased on a 50/50 basis with no advantage being derived by purchasing 100%.

The sale of homes at Hassan Centenary Terraces commenced on the 24 April when applicants began to be contacted. So far, Gibraltar Residential Properties Limited (GRPL) have contacted 344 applicants for these and are continuing the process.  GRPL are currently contacting applications in category two.

The prices for Bob Peliza Mews will be announced on the 8 July and the sale will start thereafter.

The priority for sale will remain the same as for Hassan Centenary Terraces and Bob Peliza Mews and those who release Government rental flats will have priority as this in turn provides for homes to be returned to the rental stock for this who cannot afford to purchase. Eligibility criteria and priority of allocation remains as previously announced.

To date, the number of affordable homes that have been offered for sale in this wave of affordable housing including this development, Hassans Centenary Terraces and Bob Peliza Mews are 1248 homes.

This is part of the continuing policy of the Government to provide homes for our people. It will be recalled that 564 homes have been constructed at Beach View Terraces, 262 at Mons Calpe Mews. In addition to this, a further 266 homes, mainly former MOD properties, have been put out to tender.  This takes the total to 2340 have been made available for sale for our people so far.

Furthermore, there have been a total 269 homes for rental as purpose built flats for the elderly; 127 in this development and Bob Peliza Mews in addition to the 142 built previously at Sea Master Lodge and Charles Bruzon House.

There will be a dedicated website for sale at www.chathamviews.gi which contains all relevant information.

The Chief Minister, the Hon Fabian Picardo QC said, “When we build affordable homes, we are laying the foundations for building more Gibraltarian families.  These are the building blocks of the longevity and strength of our nation’s future.

“The massive amount of interest in these homes and the huge take up we have seen of those we have already put on the market demonstrates that we have chosen the right designs, we have managed to reach the right price point and that we are building the numbers of homes required.  There will, no doubt, be negative comments, there always are on everything.  But the vast majority of our people will see we have done the right thing by making these choices and delivering these options.”

Minister for Housing, the Hon Samantha Sacramento said, “I am delighted to once again be part of the team delivering further affordable housing possibilities for our community as well as more purpose-built affordable housing for our community.

“This is further proof of our commitment to providing homes for our community and the number of homes that we are building both for sale as well as rental in our new developments is unprecedented. I am also particularly pleased that we are continuing the model of providing purpose-built rental flats for the elderly within this estate so that we can maximise the community feel and, of course, this will deliver a direct knock-on effect to the housing rental stock by increasing it in this way.”

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