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Gibraltar's BMI Group Launches New Property Website

by Robert Lee, Tax-news.com, London

24 April 2001

Gibraltar's BMI Group recently launched a new website which is dedicated to providing a comprehensive listing of properties for sale in Gibraltar. The site also offers a finance section with information on mortgage products, tax issues, investments and financial planning.

BMI was established 3 years ago and its partners have been actively promoting Gibraltar internationally, playing an important role in advising both individual and corporate investors on significant investments in Gibraltar. The company's clients have included several banks, Coral Eurobet, Ladbrokes, Stan James, Victor Chandler and Europort International Ltd.

Louis C Montegriffo, Director of BMI Group, says on the new website: 'People visiting Gibraltar are often surprised at the growth of Gibraltar's property market. Over the past 15 years Gibraltar's economy has been transformed from one that was almost entirely reliant on Ministry of Defence spending to one that is self sufficient and with a healthy annual budget surplus.'

He continues: 'Gibraltar today is a respected and sophisticated Finance Centre. The Private Sector is now the engine of our economy and the increase in homeownership from 5% to an astounding 40% in just 15 years is a reflection of this dramatic transition. Internationally respected companies have chosen Gibraltar as their base and the movement to Gibraltar of these companies in large numbers has also had its impact on Gibraltar's property market.'

BMI Group also has access to relocation services through trading agreements with removal firms in Gibraltar and, in addition to property sales, has well over 100 rental properties under its management. Further details are available from http://www.bmigroup.gi.

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