estate in Andorra
It is not customary to talk a lot about the real estate market in Andorra on the international scene, but today this small European principality has become one of the most stable countries in Southern Europe – a growing economy and stable housing prices attract a considerable number of investors.
Located in the Pyrenees between France and Spain, Andorra is the bearer of the oldest surviving state border in the world, which has not changed since 1278. From the same year, the country does not participate in wars, maintaining neutrality. Andorra has not yet joined the EU, but is known for its preferential taxation and is considered one of the main offshore companies in the world, attracting a large number of entrepreneurs and tourists interested in duty-free trade. There is also no real estate tax in the country. Continue reading