Right next to the ski resort and the financial world, the small European tax haven of Andorra has seen some alarming increases in their property values are known in the past two years, with a possible repeat in 2007.
In 2005 property inflation hit 19 percent and in 2006 inflation reached official property sixteen percent, and is expected to see rise to Andorra property specialists Tribune Properties 2007 by another ten percent.
“There are three streams of buyers for Andorra ‘, say Tribune,’ An active local market, second home buyers is the search for ski apartments and international buyers seeking to gain permanent residency in a tax haven. International buyers will increase pressure on prices and often buy three or four bedroom villas to ensure that the upper end of the market is as active as the low and mid range properties. ”
With a lack of snow during the first eight weeks of the season ski holiday Andorra was the second home for buyers to be thin on the ground than usual. The number of tourists is a fifteen percent, and that could affect the property market as some visitors like it so much they buy a property in popular resorts such as Arinsal and Soldeu. So we are ten per cent increase in Andorra property values could be realistic for 2007. ”
Andorra has been an offshore destination will benefit from the recent high cost of real estate in Monaco. Monaco recently became the country’s most expensive property in Europe, and while a 32m2 studio in Monaco will cost close to almost one million euros including costs, Andorra offers over 100m2 three bedroom two bathroom apartments at less than half price – with the same tax advantages as better known Monaco, bringing a map of Andorra for many investors recently.
The different types of shoppers head to the different areas of Andorra, with the ski apartment buyers tend to buy in the ski resorts of Soldeu and Arinsal major.
Those who go to the residence for more year-round villages and towns that have a resident community.
outside the capital (la Vella) these tend to be La Massana and the nearby village of Anyos, Ordino and Arinsal, although Arinsal’s nightlife during the ski season early December until late April tends to steer many newcomers to La Massana Ordino y.
Thomson Ski
In addition to producing more and more international customers for the residence permit of Andorra, the authorities have invested heavily in their ski infrastructure, promote the country’s tourism potential and subsequently Andorra property market.
And to Andorra this year the ski season has opened a new family ski park in Arinsal environment, away even more of its old image as a holiday cheap and cheerful of 18-30 to one that is good for everyone.
One of the few drawbacks when taking residency in Andorra compared to Monaco has been access to a large international airport. While Monaco enjoys close proximity to Nice Airport, with a helicopter ride ten minutes available, Andorra nearest airports are Barcelona and Toulouse, three hours away, no direct flights to Andorra.
Recent road improvements between Barcelona and Andorra, it decreased in thirty minutes, and there is a possibility of a scheduled helicopter service, time Andorra to be, or more likely ten minutes from the Spanish border, Andorra, so for faster access to international flights, business people considering Andorra residency.
Further improvements in Andorra include new tunnels, allowing quicker access to the slopes easy and driving around Andorra.
With increased demand from international buyers who want to take advantage of Andorra residency, the government announced in February, Andorra, is increasing the number of applications for residence over the past 200 years and 500 per year.
“Andorra is becoming more popular among international buyers”, comment local travel guide YourAndorra, “And with Monaco real estate sky high prices is not surprising that the government is moving positively to more people. It’s not just the tax are free living for them – that is the weather in Andorra and for many who live the ideal opportunity to be in a tax free environment and enjoying winter sports fans to see. ”

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