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Sales | Lettings | Offplan Office/Commercial
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+350 200 77000
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EDICINE FUTURE OF M healthcare - from rming Spain's ' How AI is transfo to 'predicting strokes 'digital hearts'
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GIBRALTARIANS will likely not be exempt from proposals in Spain to double the tax paid by non-EU residents when buying property - even in the event of a deal. This is the verdict of real estate experts on the Rock after Spanish Prime Minister Pedro Sanchez announced his 12-point housing plan. The scheme aims to promote public housing and solve Spain’s growing rental crisis. Sanchez insisted the law, to begin in 2026, was necessary due to ‘an excess’ of Airbnb rentals and ‘a lack of properties’. “Our obligation is to prioritise homes for locals over tourist use,” he stated. “We will make a change so tourist apartments are taxed as a business so they will pay the same as hotels. “We are also going to limit the purchase of homes by non-EU non-residents who buy about 27,000 houses annually, mainly for speculation.” To do this the government is considering plans to raise by 100% the tax levy paid by non-EU residents who buy a second home. Mike Nicholls of Chesterton’s said the policy will ‘discourage or even eliminate purchasing in Spain by Gibraltar locals.’ “However, those who own property in the government housing sector in Gibraltar cannot own a second property anyway, so this new move is unlikely to materially impact the local Gibraltar market. “But agents in Sotogrande must be fuming!” he added.
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Muscled out New Gibraltar national stadium plans marred by bar dispute but government confirms it WILL host ‘all league matches and grassroots facilities’ By Walter Finch
A BAR owner claims he is being ‘bullied out’ of his quarter century business at the Victoria Stadium because of a mammoth new national football stadium. Allan Asquez, 60, has run the Murga Bar and Dining 54, as well as two kiosks at the stadium for decades. But an order to demolish the football stadium was passed last month, leading to a dispute breaking out in public between Asquez and the government over the compensation package to be offered. He insists the government has reneged on a deal that was ‘satisfactory to both parties’, while the government claims he rejected a ‘reasonable compensation
DEMOLISHED: The old Victoria stadium is set to be knocked down putting the government at odds with Allan Asquez package.’ “They are bullying me out of the stadium to give [the concession] to someone else,” Asquez told the Olive Press this week. He compared it to ‘tinpot dictators throwing people out of their businesses and giving them to families and friends.’ The government claims Asquez’s demands of ‘upwards of £2 million’ are ‘extortionate and unac-
ceptable’ – something he denies. Asquez has now been offered £115,440, a far cry from the previous compensation deal which was reached in August 2023. The government claims the deal fell through ‘because he could not prove his legal rights’ as well as other payments over time. It was Gibraltar’s tumultuous entry into UEFA in 2013 that set Asquez on a collision course with the government and the Gibraltar Football Association. Victoria Stadium, which hosted the Gibraltar Football League as well as other sporting events, was deemed unsuitable to host international football, meaning it would need to be redeveloped – or rebuilt.
Top-tier
SWANKY: A mock-up of the new stadium, which will be top-tier UEFA Category Four
LOOK WHO’S BACK Globix ‘mastermind’ Damian Carreras has been spotted in his old haunts SEE PAGE 2
Plans have been drawn up for an 8,000-seater, top-tier UEFA Category Four stadium that would incorporate luxury apartments, a shopping centre and commercial zone. However, according to the government, the stadium will not become a commercial venue with a sports centre merely attached – as some have feared. “The stadium in Gibraltar will be available for all GFA activities, not just for men’s national team matches,” a spokesperson confirmed to the Olive Press this week. “It will host matches for all football leagues and will also be available for other sports by agreement with the GFA.” He added there would be further training facilities which will provide for the grass roots of the game.
But many have questioned the need for such a large stadium – which will be able to seat a fifth of the entire population of the Rock. Other critics have asked why a similar 10,000 seater stadium in nearby La Linea cost just €8m to build, or around €880 per seat, while the Gibraltar stadium is estimated at £100 million – £12,500 per seat. “Our stadium is required to provide many more facilities than La Linea stadium, which is designed for its own needs and is not seriously comparable,” the spokesman argued. “It will host Gibraltar’s top league, Champions league, the UEFA Cup and International GFA matches.” He added: “The actual cost is not yet fixed and is subject to a tender process the GFA is running. “And the cost of construction is, in any event, higher in Gibraltar than in Spain.” However, Alan’s cousin, football agent Kenneth Asquez, told the Olive Press that a Category Four stadium isn’t required to host internationals. “Andorra and San Marino do not even have Category Three stadiums, and they have been playing internationals for years,” he said. “Lincoln Red Imps played in a stadium in August in Ireland in the Europa Conference League Group stage qualifier – which has the same specifications as the Champions League – and that was very poor. “So it puts to bed the notion we need a Category Four stadium in Gibraltar to host matches.” Opinion Page 6