A historic agreement between the European Union, Spain, the United Kingdom and Gibraltar is transforming life at one of Europe's most sensitive borders. After decades of customs controls and long waiting times, thousands of daily commuters can now cross between Gibraltar and Spain more easily.

Supporters say the deal will boost trade, tourism, investment, and employment across the region. Businesses on both sides of the border are preparing for new opportunities, while local leaders hope to attract companies seeking access to both Gibraltar and the EU market. However, the changes also bring concerns over rising property prices, higher taxes, and pressure on the local housing market.
 

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.