About Chestertons Gibraltar
Chestertons Gibraltar was established in March 2008 by Mike Nicholls. Mike was previously the finance director at Gibraltar property developer, Ocean Village, “Having dealt with estate agents for the previous seven years, I realised that there was a gap in the market. The service levels of local agents were significantly different to what London agents were offering. As more and more new entrants from the UK sought property for employment and tax reasons in Gibraltar, the demand for quality advice and service was there but not being fulfilled in my opinion” said Nicholls, looking back to the early days.
Chestertons was the first commercial unit to open in Ocean Village and it was a precarious time. The development was new, the area as a potential commercial centre was new and the Lehman’s crisis had just ripped the confidence of much of the world. It was a brave decision.
Today, Chestertons Gibraltar has two offices (sales and lettings) and is the largest local estate agent of the 29 registered agents in Gibraltar, largest by its number of employees and largest by the number of properties available (331 on 26 June 2019).
This eleven year growth from last to first has been fuelled by quality of service, professionalism, expertise and pro-active marketing. There has been no deep pockets of influential third parties involved. Indeed, Chestertons Gibraltar, a franchise of the London agency, is truly independent, being owned by Mike and his family. Not all local agencies are independent. Two of its main competitors are not independent. Savills’ franchise is 50% owned by a partner at a local law firm. BMI Group is 60% owned by a key shareholder of Gibraltar property developer the Montagu Group. These inherent conflicts are not disclosed on their agency websites, whereas the ownership of Chestertons Gibraltar is disclosed on its website.
Every year we are trusted by hundreds of people to help them sell, let, rent and buy property in Gibraltar.
We have also grown our role as Gibraltar’s largest independent development consultant, engaged by most property developers before embarking upon their own project. We have extensive knowledge of the off-plan property industry and our advice underpins many local developments.
Although we are an international company with a global reach, we fully embrace our role as the local agent. Our team has extensive experience of the open property market in Gibraltar and is able to provide our clients with advice at a local level whilst having the resource and contacts at an international level.
We pride ourselves on our independence and professionalism. We do not have any affiliation, common ownership or shared directorships with any property developer or firm of lawyers in Gibraltar. We were instrumental in the launch of the Estate Agents' Code of Conduct in 2015 and version two in February 2019 and in the Anti-Money Laundering Guidance for Estate Agents published by the OFT in May 2018. We are the only estate agent in Gibraltar with a chartered accountant as an executive board member.
Using in-depth market knowledge and vast industry experience, our expert teams specialise in all areas of the property market including: sales and lettings; short lets; commercial property advice; property management; property development consultancy; market appraisals; relocation; vacant property management and raising debt or equity for property projects.
We are a modern, dynamic, forward thinking company that is usually the first in the Gibraltar property market to recognise and embrace the advantages that technological advances can bring our clients. We are a company seeking to serve our clients with commitment, passion and energy; an agency that can combine local expertise with a global reach; and a knowledgeable, experienced team that clients enjoy working with and can trust to help them overcome the obstacles that often come with property transactions.
Finally, we support our local community. We sponsor a local football club, the 2019 Island Games and the Gibraltar Live Music Society. We regularly host fund raising events supported by the effort of our staff. A board director is a local magistrate and our CEO regularly appears in the local media providing opinion on the local economy and the Gibraltar property market.
Chestertons Gibraltar is much more than just an estate agent or property advisor. We are a passionate and dedicated group of people, proud to work under one unifying and respected name.