Why investing in real estate in Andorra is a good solution ?
Andorra is a small landlocked country in the Pyrenees mountains, between France and Spain. With a population of around 77,000 people and an area of only 468 square kilometers, Andorra is one of the smallest countries in Europe. However, despite its modest size, the country is increasingly popular among real estate investors. We will examine the state of the real estate market in Andorra and the reasons why it has become a popular destination for investors.
An attractive real estate market
The Andorran real estate market has become increasingly attractive to investors. The country offers a high quality of life, advantageous taxation, proximity to the economic centers of Europe, as well as a beautiful natural landscape. In addition, the Andorran real estate market has experienced sustained growth in recent years, making it highly attractive to real estate investors.
Real estate prices in Andorra
Real estate prices in Andorra are relatively high, but they remain competitive compared to other high-end European destinations. The average price of an apartment in Andorra is around 4,000 euros per square meter, while the average price of a house is around 6,000 euros per square meter. Real estate prices vary depending on the geographical area, type of property, and included amenities.
Tax advantages for real estate investors
One of the main advantages of real estate investment in Andorra is the advantageous taxation. Non-residents benefit from limited taxation on their rental income, while residents benefit from a favorable tax regime. Residents do not pay tax on real estate capital gains after 5 years of owning their property, while non-residents are taxed at a fixed rate of 15% on real estate capital gains. Additionally, Andorra does not have a wealth tax, making it an attractive destination for investors seeking to minimize taxation.
Real estate investment opportunities
The Andorran real estate market offers many investment opportunities, whether for individual or institutional investors. The country has a wide variety of high-quality real estate, ranging from luxury apartments to holiday homes and mountain chalets. Additionally, Andorra is increasingly attracting international businesses, which creates increased demand for commercial real estate.
