SnowOnly spoke to Angel Belanche from Andorra Sotheby’s International Realty to find out who is buying in Andorra and what makes the resort so appealing for foreigner investors.
The most popular ski resorts in Andorra are Grandvalira – Pas de la Casa, Grau Roig, Soldeu, El Tarter, Canillo & Encamp.
I am sure if you are reading this article that you have definitely heard of Andorra but have you taken a holiday here and experienced the exceptional skiing Andorra has to offer and would you consider investing here?
Did you know that the Principality of Andorra hosts the biggest ski resort in the South of Europe? Grandvalira has more than 300 km of ski runs and great snow quality.
Andorra held the World Ski Cup 2019 in the domain of Grandvalira and will do it again in 2023. Such exposure is great for property appreciation and rental income and the associated added infrastructure into the resort is always a welcome addition for investors and residents alike.
Andorra is arguably best known for its flexible taxation framework. If you are considering buying a ski property in Andorra, you might already know the benefits of becoming a resident in the country. As soon as you are approved to become resident, you can automatically benefit from:
- 2% to 10% corporate rate
- 4.5 indirect tax on goods & services
- 0.5% to 10% personal income rate
If you have any questions regarding this then contact Angel Belanche from Andorra Sotheby’s International Realty for any questions you might have.
A typically desired property in Andorra is a modern-style in a great location in Andorra La Vella and Escaldes-Engordany and ski properties close to the ski resorts, especially new developments. A typical buyer in Andorra is generally European and with Barcelona only 140km down the road it has an exceptional location to give you a great balance of mountain adventures and stunning city life. Buyers are typically looking for a discreet and secure place in Andorra in the mountains.
Here are some facts about the country in the Pyrenees that would convince anyone to choose to move in:
- Andorra is the 4th healthiest country in the world thanks to its top health system.
- Andorra is the 2nd country with the highest life expectancy rate with 80 and 84 years for men and women respectively.
- 85% of the territory is forest and 9% is UNESCO natural protected areas.
Andorra Sotheby’s International Realty are seeing that with only approximately 5% of the territory left for developable projects, local professionals predict that the real estate prices/sqm in Andorra will only increase due to the fact that residency in the country results in great taxation benefits and the area is now limited.
The real estate market in Andorra has performed well in the last decade. Prices by €/sqm have increased around 25% and it’s believed that due to the limited area left to develop residential projects, prices will grow exponentially in the near future, especially considering the upcoming World cup skiing in 2023 and the favorable tax benefits, and of course 300km of skiing to enjoy.
A typically desired property in Andorra is a modern-style in a great location in La Vella and Escaldes and ski properties close to the ski resorts, especially new developments.
SnowOnly has 62 properties listed in Andorra from 1 bedroom apartments at 162,000 EUR to a 5 bedroom Villa at 3,240,000 EUR in a privileged location in the middle of the mountains and many properties in between. For something very special, there is an amazing villa located in the heart of the mountains of Pal in La Massana costing a cool 28,000,000 EUR.
To see all 62 properties listed by Andorra Sotheby’s International Realty click the link and make an enquiry to find a property suitable for you.