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Local News

Property market realigns as total deal value falls and residency pause weighs on confidence 

Gibraltar’s property market is in realignment, buoyed by treaty optimism but weighted by temporary suspension of residency applications, real estate agents have said, with the total deal value in the last financial year down by over 40%.  In the last financial year, Gibraltar’s real estate agents closed deals worth £202.2m, a significant reduction from £366.5m...

Local News

£2.8m worth of personalised licence plates sold, with top registration £100,000  

The Gibraltar Government has sold £2.8m worth of personalised licence plates with the most expensive registration sold for £100,000.  Since the launch of the new ‘G-less’ licence plates last December the Government has sold 76 licence plates with a total value of £1m and the most expensive registration was a ‘G-less’ plate.  An earlier phase,...

Local News

Fourth day of storm aid sees MarocAtlas team back in Tesorrillo

The team from MarocAtlas 4x4 have just returned to the Rock having spent yet another day assisting in the post storm efforts across in St Martin del Tesorrillo. Alfred Balban told the Chronicle on Sunday evening, "We have just got back from another day in Tesorrillo." "We collected some provisions as planned from the Racket...

Local News

Another day of volunteering for MarocAtlas 4x4 teams

As Spain endured yet another storm on Saturday a team from MarocAtlas 4x4 assisted in the evacuation of people from St Martin del Tesorrillo, delivered diesel for the power station, and distributed donated Personal Protection Equipment to those in need. Alfred Balban from MarocAtlas 4x4 told the Chronicle on Saturday evening that four men, Demis...

UK/Spain News

UK/Spain News

Second day of flooding and disruption in Campo as stormy weather persists

Storm Leonardo hit the Campo de Gibraltar hard for a second day on Thursday, with torrential rain continuing and winds registering gusts of up to 85km/h in Tarifa. The bad weather left streets and roads flooded in many Campo municipalities and brought down trees and branches across the area, with emergency services continuing on high...

UK/Spain News

Bank of England holds interest rates but future cuts ‘likely’ 

By Anna Wise and Henry Saker-Clark, Press Association Business Reporters  The Bank of England has said future interest rate cuts are “likely” amid a slowdown in inflation, despite policymakers voting to hold rates at 3.75% on Thursday.  It came as the central bank also warned that economic growth is now set to be weaker than previously expected while unemployment...

UK/Spain News

Andalucia braced for intense rain amid flooding fears

Andalucia is braced for severe weather on Wednesday, with a ‘red alert’ issued for parts of Cadiz provinces and amber and yellow alerts across the rest of the region. Some forecasters are predicting rainfall of up to 550 litres per square metre in mountainous areas around Ronda, Ubrique and Grazalema, all of which are on...

UK/Spain News

Treaty negotiation was ‘an obstacle to break through’ in Spain/UK relations, Sanchez says

The negotiation for a treaty on Gibraltar was like “an obstacle to break through”, Spain’s Prime Minister Pedro Sanchez said in an interview published on Friday. In the interview with the New Statesman magazine, Mr Sanchez highlighted the importance of the relationship between Spain and the UK, the only two major European nations led by...