Gibraltar is known for its Mediterranean climate and is especially quite a bliss for those who crave the warm weather. The sunny days and mild winters are what Gibraltar provides to its residents throughout the year. 

Occasionally, precipitation occurs during the winters. Though these do not occur regularly, the precipitation does bring quite a relief to the overall climatic condition of Gibraltar. But during the summertime, the humidity is quite low though the temperatures could soar quite high. 

Generally speaking, winters are quite mild, but if you are placed at a higher altitude, the cold might hit one harder than normal. It is suggested by most for people to reside at sea level instead of moving up top for this very reason.

Medical care

The medical care offered by a territory is quite important and something people look into, especially expats. The medical care offered at Gibraltar is quite high in quality.

Both private and public clinics can be found in the vicinity of this territory. With the territory being known for tourism and its military, Gibraltar has made sure to hold quite a good health infrastructure while constantly improving it. 

Expats usually avail of the medical service after holding an international medical insurance or hold a travel insurance that comes with the duality of encompassing a medical insurance as well. 

Cost of Living

Quite a few individuals from overseas find the cost of living in this territory quite high. This could probably be due to Gibraltar’s strong currency, the British Pound, its preference of constructing luxurious estates, and of course the goods being imported, holding an extra expense when sold on the land. 

But generally speaking, the territory is cheaper than Britain. But if the expat has a job on the territory, the great salaries paid in British Pound make it quite survivable. But for those expats living on a fixed income or their life savings, it could be quite financially problematic.

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Taxes and Economy 

The tax system of Gibraltar is quite unique and one that is looked up to by many other nations. There is no VAT, sales tax nor capital gain tax charged on the territory. Though if one is earning there, one is asked to pay an income tax of around 30%. The tax may vary slightly depending on the amount of income. 

A few years ago, the economy was quite dependent on the Royal Navy or the military as its backbone. The British Military currently contributes just 7% to the economy when compared to the massive 84% it used to provide to the economy back in 1984.

The financial sector, tourism (over 11 million visitors in 2012), gaming revenues, shipping services fees, and duties on consumer goods also generate revenue for the country. The financial sector, tourism, and the shipping sector contribute 30%, 30%, and 25%, respectively, of GDP. 

Telecommunications, e-commerce, and e-gaming account for the remaining 15%. In recent years, Gibraltar has seen major structural change from a public to a private sector economy, but changes in government spending still have a major impact on the level of employment.

Though the taxes here may be slightly higher when compared to the rest of Europe, the entrepreneurship and investment opportunities found here attract the wealthy and affluent companies to move their work here as it saves them quite a few bucks when it comes to taxes.

Proximity to Spain

Gibraltar is quite close to Spain and in fact, shares a border with it as well. Spain has been doing exceptionally well, especially in the field of tourism. This surely is bound to have a positive effect on Gibraltar. 

Plenty of beaches, resorts, restaurants, and other recreational activities found in this area can be accessed by the people of Gibraltar. It just takes a person a 5-minute drive to reach this spot.

Real Estate

Though the majority of the expats chose to rent out spaces on the territory, many also indulge in buying real estate, especially if their stay in Gibraltar is going to be long. 

Even though the space on the territory is quite limited, the people over there have made sure to efficiently and effectively utilize the space to the best of their potential so as to provide both comfort without compromising the luxury factor to their residents.

Real estate is generally quite high, with luxurious properties being available more often than the smaller and cheaper estates. The great strength of the British Pound makes real estate all the more costlier. 

As for leasing an apartment or a house, that option is also quite available as well as much more affordable. This level of affordability is still quite high for some expats, especially those who come from the United States.

But looking at the beautiful landscape and wonderful climate, the expats somehow manage to adjust their budgets while finding a place that best suits their residential needs. 

Apart from Gibraltar being a great place to start or expand one’s business venture due to its diverse tax benefits, it also happens to be a haven for expats. The various facilities, as well as benefits that come out of staying here, have attracted plenty of expats over the past few years. 

Apart from it being a major point of connection to various airports both in Europe as well as the world, it has become a second home to a variety of citizens, who have blended in quite well with the life of Gibraltar and are more often than not, found basking in the beautiful Mediterranean weather, getting the most they can out of it.