If your goal is to buy a house in Andorra...
This is your post. Because in it we will tell you some of the countless reasons why buying a house in Andorra is a good idea from all perspectives. And we say "some" because Andorra has many reasons that will convince you that it is a positive investment at all levels, whether you are looking for quality of life or if your objective is to make an investment.
Why buy a house in Andorra?
The attractions that Andorra offers to make us decide to buy a house or chalet in Andorra range from security, tax advantages, health or education to tranquillity, nature or simply for the love of skiing.
But let's take it step by step, because it is certainly necessary to make stops in each of the most outstanding aspects that the Principality has to offer.
The surroundings
It is only fair to start with the surroundings of this small country in the Pyrenees, because its scenic beauty is a real luxury.
In the little more than 450 km2 of surface that the country has, its landscape is made up of mountains, peaks and deep valleys. Over the centuries, this orography has allowed the country to maintain its position as a stronghold between two European powers, Spain and France.
A surprising fact is that 90% of Andorra's territory is made up of natural spaces, a fact that clearly differentiates it from other countries in the world. It is worth noting that a large part of its surface area has been declared a UNESCO World Heritage Site. In this magnificent postcard that the Principality offers, we find the highest peak in the country, the Pic de Comapedrosa, which reaches an altitude of 2942 m; and at the lowest point above sea level we find the confluence of the Runer and Valira rivers, which is 840 m above sea level.
In the trails to get lost in the mountains you will find Romanesque churches, paradisiacal lakes and a fantastic flora and fauna native to the Pyrenees.
Madriu-Perafita-Claror valley
If there is one element of Andorra's landscape that stands out above the rest, it is La Vall del Madriu-Perfafita-Claror, the real jewel in the crown of the country's natural environment. Its 4,247 hectares are divided between 4 of the 7 parishes of the Principality: Escaldes-Engordany, Andorra la Vella, Encamp and Sant Julià de Lòria. Its landscape and routes are truly spectacular, and walking along its paths you will find meadows, forests, rivers, lakes and vestiges of the intervention of the local inhabitants over seven centuries.
Andorra's ski slopes
One of the country's main economic engines. In the winter season, Andorra is painted white and millions of tourists come to the Principality to enjoy the more than 3,000 hectares of excellent slopes where they can practise winter sports. The Grandvalira and Vallnord ski areas have more than 3,000 skiable hectares distributed over 285 km of slopes. But if you are not a skier, you can enjoy the snow with a wide range of activities related to the white gold, such as snowshoeing, dog sledding, snowmobiling, excursions, etc.
Cultural riches just a short walk from home
Romanesque architecture is the true protagonist of Andorra's architectural art. The Principality has a large number of Romanesque churches, chapels and bridges distributed throughout the length and breadth of its territory. Emblematic of this cultural style are the church of Santa Coloma and the chapel of Sant Miquel d'Engolasters.
Andorra's museum panorama includes styles for all kinds of interests, as there are museums dedicated to sacred art such as the Basilica Sanctuary of Meritxell, an emblem of the Andorran people that pays tribute to its patron saint, the Mare de Déu de Meritxell (Our Lady of Meritxell). The Espai Columba and the Museum of Sacred Art, among others, also have this theme.
Other museums of great interest are the recently opened Carmen Thyssen Museum or the obligatory visit to the Casa de la Vall, the nerve centre of Andorra's socio-political life. There are also attractive and unusual galleries such as the Perfume Museum, the Miniature Museum, the Tobacco Museum, the National Automobile Museum, the Postal Museum and the Comic Museum.
To learn about the history and traditions of Andorra, a visit to Casa Cristo and the Casa d'Adreny Plandolit Museum is a must, as well as the aforementioned Casa de la Vall.
Buying a house in Andorra, a highly profitable investment
Andorra's attractions are endless, and one of those that most attracts foreign investors is the possibility of investing in real estate located in Andorra. In this sense, the attractive taxation offered by Andorra to entrepreneurs and business people looking for a place to invest their money is one of the main attractions.
Once some details of the excellent quality of life offered by the small country in the Pyrenees are known, it is time to highlight the tax advantages that invite you to invest your money in a property investment.
Andorra offers a low tax burden and, thanks to its treaties with several EU countries, it has managed to rise to the top of the list of territories where you can capitalise on lower-risk investments.
So... What are the advantages of buying a house in Andorra?
Thanks to the agreements signed with different countries, residents in Andorra do not have to pay tax twice for the same item. Andorra can boast of being one of the most attractive countries in the world for buying or investing in real estate. The reasons are obvious: very low personal income tax, low local taxes, VAT (called IGI) that does not exceed 4.5% and inheritance and other capital taxes that simply do not exist.
For almost a decade, foreign investors who do not reside in Andorra have been able to acquire real estate in the country, obtaining emphyteutic rights over the real estate and acquiring administrative concessions for private use, upon application to the Andorran administration.
There is also the possibility of contributing a minimum of €350,000 and buying the property of your choice without any problem, but subject to a series of legal requirements.
With everything analysed up to this point, the idea of investing in Andorra is a good one. Making a decision has never been so easy. If you have any doubts, at Inmobiliaria Superior we will advise you so that you can carry out the operation you are looking for with total security and confidence.
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