Property for sale in Andorra
The Principality of Andorra is located between France and Spain and is a very small European State. It covers an area of just under 500 km² and is a favorable destination for expatriation.
The country enjoys tax benefits and this advantage arouses the interest of foreign investors who are interested in property for sale in Andorra. Andorra's economy is based on the banking, insurance and tourism sectors.
The only payments that you have to pay in Andorra are taxes to local administrations that do not go over the annual limit of 400 euros per property of 500 square meters. In neighboring Spain, tax for the same property can go up to 3000 euros per year, depending on the region.
Andorra is a favorable geographical position of the Principality, its proximity to Barcelona and Toulouse, as well as to Madrid, Biarritz and the French Riviera.
Andorra is a resort for the whole year, for example its ski resorts are available for 5 months a year, the spa resorts are open all year. One of the best place where looking property for sale in Andorra.
Andorra is not far away form France and Spain that are located 2-3 hours away by car.
Banks of Andorra are considered between the top 20 global banks considering the private investments.
Andorra is not a member of the EU, Andorra residents can obtain the Schengen visa with multiple entry processed at the Spanish consulate within 20 minutes, with only the Andorra passport and passport. Andorra's resident card allows you to live in Andorra, Spain, Portugal, France and Monaco.
It should be remembered that Andorra has a population of about 70,000 inhabitants but every year welcomes about 8 million tourists, so it is the best way to see Andorra's real estate assets from this point of view.
There is a big variety of property for sale in Andorra: you can find new construction and very old farmhouses of a hundred years, chalets and flats in the city centre or village with the highest quality finishes.
In 2017 there were many "old stocks" on the market. Since then, many of these occasions have been sold off. Inevitably, this is due to the increase in demand in both buyers and tenants.
In 2018, many new opportunities are coming to the market of property for sale in Andorra. We have to consider that these are owners who wanted to sell years ago, but were not willing to cut prices. Once this round of old stocks is sold, both new buildings will increase again or prices will increase. Assuming that the Eurozone remains economically sound and Andorra's immigration policy allows more people to enter this country, it is not difficult to expect that there will be a bit of both.