Buying a house anywhere in the world is a considerably important decision — it’s not something you do everyday. That said, you likely have a fixed list of negotiable and non negotiable requirements. In a top tier country like Canada or USA, you’d probably find what you’re looking for in a matter of days. Here however, things are a bit different.
If you’ve spent any time researching about this subject, chances are that you know how slow the Andorran real estate market is. It can sometimes take months and even years before you find something that lights up your checklist in green.
But don’t worry, we’re here to help, and we know exactly where to look. Here are some of the things you need to consider before investing in Andorran real estate:
Qualifications: Non-residents need a special permit from the government.
Process: To invest here, you need to follow a standardized process that might differ to what you find in other countries’ markets.
Liquidity, brokerage and taxes: When purchasing a house in Andorra, you’ll pay 4% in taxes, and somewhere around 5% as brokerage.
Accessibility: When it comes to relocating to a beautiful holiday destination, there’s always a flipside. When it’s off-season, the real challenges come to light. To tackle the accessibility issues during winter, your new house or apartment is going to have to be well equipped.