Les Bullideres - Modern Andorra real estate at a good price.
Overview of the Andorra real estate market.
Most of the properties offered for sale in Andorra are new houses and apartments in new buildings. The greatest demand is for real estate in the capital of the principality – the city of Andorra La Vella, which is also the main economic center of the country.
Les Bullideres - To your attention excellent Andorra real estate
Other equally popular cities are La Massana, Ordino and Canillo. The town of Canillo is located next to the best mountain resorts and apartments here are usually purchased by people who lead an active lifestyle. The cities of Ordino and La Massana are slightly lower and in addition to apartments, you can buy chalets, villas, mansions.
Real estate in Andorra is a profitable investment of money, because prices for it in this country are growing from year to year. This is facilitated by low taxes, a mild climate, the beauty of the local nature. In addition, there is an ever-increasing demand for real estate in this country, while there are practically no vacant plots of land that could be used for construction.
Rules for buying real estate in Andorra.
A foreigner can purchase no more than two real estate objects in Andorra in his name. When buying a land plot, its area cannot exceed 1000 square meters. If a foreigner plans to purchase a larger plot of land, then he must make a deal through the Holding Company of Andorra. Other members of the foreigner's family have the right to purchase real estate in Andorra.
Non-residents of the country must obtain a permit to purchase real estate from special government agencies. The buyer must be over 18 years old and have documents confirming his identity. In addition, the purchased property must be built only with the permission of the Government of the Principality and comply with the construction rules and regulations in force in the country on the day of its commissioning.
If you decide to buy a property in Andorra, then you must pay a deposit of 10% of its full value. In case of refusal to purchase without good reason, these funds will not be returned to the buyer.
Andorra has four notary offices where you can sign a contract for the purchase of real estate. The text of the contract itself is approved by the government of the Principality. The contract is signed by the parties in the presence of a notary, after he checks the correctness of all agreements and mandatory payments are made. The notary enters the contract data into the real estate register, which is not public and does not allow third parties to obtain any information about the owners of real estate in Andorra.