Investing in real estate in Andorra: A thriving market
Investing in real estate in Andorra is an exceptional investment opportunity, with a thriving economy, attractive tax advantages, and a growing real estate market. Let’s find out together why investing in real estate in Andorra has become a popular choice for investors, highlighting the investment conditions, tourist attractions, and personalized services of Clickand.
1. Andorran Taxation: A Key Advantage for Investing in Real Estate
One of the most attractive aspects of investing in real estate in Andorra is its advantageous tax framework. Recent economic reforms have cemented the country’s position as a tax destination of choice. With competitive tax rates, Andorra offers a favourable tax environment for investors with the addition of the absence of inheritance tax.
Conditions for Investing in Real Estate in Andorra
Andorran government policy encourages investors from all over the world to participate in the country’s real estate. However, certain conditions must be met, including:
- No criminal record.
- Minimum financial contribution of €600,000.
- Minimum age of 18 years.
- Residence for more than 90 days per year in the Principality.
Required documents
The documents needed for the investment include:
- Extract from the criminal record.
- Passport and civil status certificate.
- Contracts for the purchase or rental of housing.
- Medical certificate of good health (issued by an Andorran doctor).
- Proof of creditworthiness, such as title deed and bank endorsement.
What are the steps to follow to invest in real estate in Andorra?
With the support of Clickand, which offers a Private Concierge service in Andorra, the procedures are simplified. Key steps include:
- Signing of the booking contract with a deposit.
- Sales process initiated by our partner notary.
- Signing of the sales contract with payment of the balance.
- Filing of the deed of sale by the notary.
What are the Acquisition Costs?
In Andorra, notary fees are set at 1% of the sale price of the property, much lower than those in other Western countries. The Impost Tax Patrimoni (ITP), a 4% tax, is paid when the deed of purchase is signed.
2. Tourist Attractions and Economic Dynamism
A dynamic tourist attraction
Investing in real estate in Andorra is not limited to economic considerations. The exceptional ski slopes, competitive prices, surrounding nature, and Mediterranean culture attract thousands of tourists every year. This affluence creates a positive dynamic, reinforcing the commercial and real estate attractiveness of the Principality.
A Growing Economy
Stimulated by its gradual opening, the Andorran economy attracts investors from all over the world. The positive economic outlook makes Andorra a preferred choice to diversify its investment portfolio.
3. Clickand: Your Committed Real Estate Partner
A Personalized and High-End Concierge Service
At the heart of this dynamic, Clickand stands out as a committed real estate partner, offering personalized concierge services. Our team of real estate experts not only facilitate the transaction, but are committed to making your investment experience as smooth as possible.
Our Legal and Tax Support
Investing in real estate in Andorra with Clickand goes beyond the real estate transaction, providing comprehensive legal support. We understand the nuances of Andorran laws and ensure that your investment complies with current regulations.
Transparent administrative management
Investing in real estate in Andorra can be administratively complex. Clickand takes care of all the paperwork, from investment to residency permits, ensuring a smooth transition.
Our Post-Investment Services
Clickand not only closes the deal but also offers post-investment services. We are at your disposal to address all your concerns, ensuring a transparent and efficient management of your real estate investment.
Investing in real estate in Andorra with Clickand offers much more than just a real estate acquisition. It is an immersion in a booming market, with substantial tax and economic benefits, supported by tailor-made concierge services. Join us on this journey where financial prosperity meets professionalism, commitment, and exclusivity.
