At Real Statum, we accompany you in turning ideas into tangible realities. With our group methodology, we guide you step-by-step, ensuring your needs and goals are met with maximum efficiency.
At Real Statum, we accompany you in turning ideas into tangible realities. With our group methodology, we guide you step-by-step, ensuring your needs and goals are met with maximum efficiency.
At Real Statum, we connect you with certified real estate agents certified by the Professional Association of Real Estate Agents and Managers of Andorra (AGIA) to ensure a reliable and personalized experience with security and transparency at every step. Leveraging our knowledge of Andorra’s tax regime, we maximize tax benefits and optimize the management of your assets, protecting your investment.
Our legal team supports you throughout the process, from the initial contact to the completion of the transaction. Additionally, with the synergies of Nodum Corporate, we offer tailored management and efficient service adapted to your needs, ensuring a smooth and secure real estate experience.
To purchase real estate in Andorra as a non-resident, it is essential to obtain foreign investment authorization. Financial solvency must also be demonstrated, along with a criminal background check and justification for the purchase.
The process includes searching for options with real estate agents authorized by the AGIA (Andorran Association of Real Estate Agents and Managers), verifying the legal status of the property, and identifying any potential restrictions. A deposit is formalized through an earnest money contract.
A deposit is formalized through an earnest money contract.
Once accepted, the notarial process takes place, including the drafting of the deed and payment of taxes.
It is important to note that all transactions must be managed and settled through Andorran banks. For this reason, it is advisable to have an open account with an Andorran bank to facilitate a smoother and more efficient management of the financial aspects involved.
Andorra is an attractive destination for acquiring real estate due to its privileged location in the Pyrenees, high level of public safety, and competitive tax regime. Additionally, limited availability of buildable land increases property value. Depending on the type of residency chosen, an investment in local assets may be required, with real estate being a preferred option.
Purchasing real estate in Andorra involves several additional costs. Notary fees are typically 0.1% of the property value, in addition to a fixed amount ranging between €500 and €1,500 depending on the property’s value. These expenses are borne by the buyer, as are the associated taxes, which are managed through an Andorran bank.
If a real estate agency is involved, their fees should also be considered. The Transfer Tax (ITP) applies a 4% tax on the certified property value, allocated as 1% to the Andorran government and 3% to the local commune.
Starting in February 2024, a new law establishes a progressive indirect tax for foreign buyers and residents with less than three years of residence. This tax applies to the actual property value and follows these brackets -:
Impressive Economic Growth
Since opening its economy in 2012, Andorra has experienced remarkable economic growth over the past decades. Despite its small size, Andorra has transformed into a major tourist and financial center. Thanks to successful diversification, Andorra’s economy is not solely dependent on tourism. Foreign investment has generated new, diverse business models, which complement and compete with traditional sectors. This economic diversity reinforces resilience against global fluctuations and attracts investors.
Modern, Attractive Infrastructure
The country boasts top-tier infrastructure, with modern facilities such as shopping centers and high-quality ski resorts. Ambitious infrastructure projects continue to reshape the urban landscape and offer exceptional connectivity. Public transport and links to neighboring regions facilitate travel and enhance Andorra’s potential for real estate investment. Just three hours from the airports in Barcelona and Toulouse, Andorra offers excellent connections to Europe and beyond.
Exceptional Quality of Life
Andorra’s quality of life is considered one of the best in the world. The country provides a safe environment with high-quality healthcare and education. Many expatriates choose Andorra not only for professional opportunities but also to enjoy a refined lifestyle. Ski slopes, well-maintained parks, and cultural events add to its appeal.
Limited Resources
The real estate market in Andorra continues to grow at a rapid pace. The diversity of projects and economic stability make this small country an outstanding choice for investors.
With an area of only 468 km², Andorra has limited resources in terms of available space for new projects. Demand for properties keeps rising, but available land is limited. This creates a competitive real estate market and can increase property values. The scarcity of space requires investors and buyers to act decisively.
Investing in real estate in Andorra offers unique advantages due to its distinctive characteristics. This small Pyrenean country presents highly attractive opportunities for investors, such as:
Andorra is one of the safest countries in the world, with low crime rates and a stable political environment, creating an ideal framework for investment. Security is a key factor for investors looking to protect their assets.
Despite its small size, Andorra is experiencing growing demand for real estate. Limited natural resources and the small market size contribute to increasing pressure on supply, which can boost property values over time. Recent real estate developments stand out for their modern designs, attracting buyers seeking a peaceful and luxurious environment.
Andorra is renowned for its high quality of life, with well-preserved natural landscapes, stunning scenery, and excellent air quality. Residents also benefit from modern infrastructure and high-quality services, making living in the country very appealing.
The country offers several prestigious real estate projects that attract buyers looking for luxury residences. These projects are often in prime locations, providing breathtaking views and first-rate amenities.
Collegiates 563 and 573
AGIA
Col·legi professional d’agents i gestors inmobiliaris d’Andorra
Monday to Thursday: 9:00 am – 6:00 pm
Friday: 9:00 am – 3:00 pm
Carrer Verge del Pilar 4 planta 4º
AD500 Andorra la Vella
Principat d’Andorra
