The 3 year residency property market (also known as the local market or restricted market) extends to only those applicants who have been living in Gibraltar for a continuous period of 3 years.  This is normally evidenced by a Gibraltar ID card.  These properties may only be occupied by the owner and his / her immediate family.  These properties may not be rented out to any third party and are therefore unsuitable for buy to let investors.  Given these restrictions, these properties trade for lower prices than unrestricted open market properties.  Contact us if you have any questions.