Guide to buying and selling in Andorra

Guide to buying and selling in Andorra

Guide to buying and selling in Andorra

The real estate sector in Andorra has been growing in recent years. A positive trend that is not based solely on the perceptions of real estate agents, but is a palpable reality, which is more than contrasted with the current balance of economic indicators compiled in Andorra during 2021.

Real estate investment in Andorra, a safe value:

Unlike other, much riskier investment operations, real estate investing has become a safe haven, as it allows investors to earn a certain return without having to put their capital at risk.

The real estate sector in Andorra has been growing in recent years. A positive trend that is not based solely on the perceptions of real estate agents, but is a palpable reality, which is more than contrasted with the current balance of economic indicators compiled in Andorra during 2021.

Real estate investment in Andorra, a safe value:

Unlike other, much riskier investment operations, real estate investing has become a safe haven, as it allows investors to earn a certain return without having to put their capital at risk.

The real estate sector in Andorra has been growing in recent years. A positive trend that is not based solely on the perceptions of real estate agents, but is a palpable reality, which is more than contrasted with the current balance of economic indicators compiled in Andorra during 2021.

Real estate investment in Andorra, a safe value:

Unlike other, much riskier investment operations, real estate investing has become a safe haven, as it allows investors to earn a certain return without having to put their capital at risk.

Who can buy in Andorra?

Andorran residents can buy any type of property without any restrictions.
An Andorran resident who buys his first home in Andorra can request the exemption from

the ITP if you have lived in the country for more than five years.

Non-residents who want to buy a home in Andorra must request a permit that

government grants, said permission is called the demand for foreign investment.

What is the buying and selling process like in Andorra?

When a sale price is agreed, the buyer deposits a 10% deposit with the seller

the purchase price as a reservation.

The seller of the flat must provide certain mandatory documents such as:

- habitability certificate

- energy certificate

- certificates of non-debt of the common and co-ownership.

The signing of the sale is done before one of the notaries of Andorra at the time and day agreed by both parties. The fees for this transaction are usually 1% of the sale price and are paid by the buyer.

The time that can pass between the moment of purchase and sale can be between a week and three months, it all depends on the availability of the parties and the documents that are needed.

The seller must take into account the capital gain at the time of sale. The capital gain is calculated as follows:

• Resale during the 1st year = 15%
• Resale between 1st and 2nd year = 13%
• Resale between the 2nd and 3rd year = 10%
• Resale between the 3rd and 4th year = 9%
• Resale after twelve years = 0%

After four years the percentage falls by 1% per year until the age of twelve.

Who can buy in Andorra?

Andorran residents can buy any type of property without any restrictions.
An Andorran resident who buys his first home in Andorra can request the exemption from

the ITP if you have lived in the country for more than five years.

Non-residents who want to buy a home in Andorra must request a permit that

government grants, said permission is called the demand for foreign investment.

What is the buying and selling process like in Andorra?

When a sale price is agreed, the buyer deposits a 10% deposit with the seller

the purchase price as a reservation.

The seller of the flat must provide certain mandatory documents such as:

- habitability certificate

- energy certificate

- certificates of non-debt of the common and co-ownership.

The signing of the sale is done before one of the notaries of Andorra at the time and day agreed by both parties. The fees for this transaction are usually 1% of the sale price and are paid by the buyer.

The time that can pass between the moment of purchase and sale can be between a week and three months, it all depends on the availability of the parties and the documents that are needed.

The seller must take into account the capital gain at the time of sale. The capital gain is calculated as follows:

• Resale during the 1st year = 15%
• Resale between 1st and 2nd year = 13%
• Resale between the 2nd and 3rd year = 10%
• Resale between the 3rd and 4th year = 9%
• Resale after twelve years = 0%

After four years the percentage falls by 1% per year until the age of twelve.

Who can buy in Andorra?

Andorran residents can buy any type of property without any restrictions.
An Andorran resident who buys his first home in Andorra can request the exemption from

the ITP if you have lived in the country for more than five years.

Non-residents who want to buy a home in Andorra must request a permit that

government grants, said permission is called the demand for foreign investment.

What is the buying and selling process like in Andorra?

When a sale price is agreed, the buyer deposits a 10% deposit with the seller

the purchase price as a reservation.

The seller of the flat must provide certain mandatory documents such as:

- habitability certificate

- energy certificate

- certificates of non-debt of the common and co-ownership.

The signing of the sale is done before one of the notaries of Andorra at the time and day agreed by both parties. The fees for this transaction are usually 1% of the sale price and are paid by the buyer.

The time that can pass between the moment of purchase and sale can be between a week and three months, it all depends on the availability of the parties and the documents that are needed.

The seller must take into account the capital gain at the time of sale. The capital gain is calculated as follows:

• Resale during the 1st year = 15%
• Resale between 1st and 2nd year = 13%
• Resale between the 2nd and 3rd year = 10%
• Resale between the 3rd and 4th year = 9%
• Resale after twelve years = 0%

After four years the percentage falls by 1% per year until the age of twelve.

Who can buy in Andorra?

Andorran residents can buy any type of property without any restrictions.
An Andorran resident who buys his first home in Andorra can request the exemption from

the ITP if you have lived in the country for more than five years.

Non-residents who want to buy a home in Andorra must request a permit that

government grants, said permission is called the demand for foreign investment.

What is the buying and selling process like in Andorra?

When a sale price is agreed, the buyer deposits a 10% deposit with the seller

the purchase price as a reservation.

The seller of the flat must provide certain mandatory documents such as:

- habitability certificate

- energy certificate

- certificates of non-debt of the common and co-ownership.

The signing of the sale is done before one of the notaries of Andorra at the time and day agreed by both parties. The fees for this transaction are usually 1% of the sale price and are paid by the buyer.

The time that can pass between the moment of purchase and sale can be between a week and three months, it all depends on the availability of the parties and the documents that are needed.

The seller must take into account the capital gain at the time of sale. The capital gain is calculated as follows:

• Resale during the 1st year = 15%
• Resale between 1st and 2nd year = 13%
• Resale between the 2nd and 3rd year = 10%
• Resale between the 3rd and 4th year = 9%
• Resale after twelve years = 0%

After four years the percentage falls by 1% per year until the age of twelve.

Who can buy in Andorra?

Andorran residents can buy any type of property without any restrictions.
An Andorran resident who buys his first home in Andorra can request the exemption from

the ITP if you have lived in the country for more than five years.

Non-residents who want to buy a home in Andorra must request a permit that

government grants, said permission is called the demand for foreign investment.

What is the buying and selling process like in Andorra?

When a sale price is agreed, the buyer deposits a 10% deposit with the seller

the purchase price as a reservation.

The seller of the flat must provide certain mandatory documents such as:

- habitability certificate

- energy certificate

- certificates of non-debt of the common and co-ownership.

The signing of the sale is done before one of the notaries of Andorra at the time and day agreed by both parties. The fees for this transaction are usually 1% of the sale price and are paid by the buyer.

The time that can pass between the moment of purchase and sale can be between a week and three months, it all depends on the availability of the parties and the documents that are needed.

The seller must take into account the capital gain at the time of sale. The capital gain is calculated as follows:

• Resale during the 1st year = 15%
• Resale between 1st and 2nd year = 13%
• Resale between the 2nd and 3rd year = 10%
• Resale between the 3rd and 4th year = 9%
• Resale after twelve years = 0%

After four years the percentage falls by 1% per year until the age of twelve.

You can see the opportunities on our website and if you have any questions you can call us at +376342332 or contact us by mail at: info@thesweethomecompany.com

What should be considered when buying a property in Andorra?

The orientation of the property is very important, since the valleys in Andorra are very narrow and we could find a property facing south.

It is important to ensure that access to the property is adapted to our lifestyle, because Andorra has a very variable climate and in winter we can encounter heavy snowfall, especially in the upper parishes.

We also have to look closely at whether there will be any type of new construction that could potentially cover the views we have initially, because Andorra is a country that is constantly evolving.

Having good insulation and a good system to heat the property is essential, but it is not always something we can control with all constructions in Andorra.

Having a parking space is something that must be taken into account, if there is no such possibility, it should be seen if it is possible to have it a few meters from the property.

Consider these tips when buying in Andorra, but it's always good to have the opinion and support of a professional to speed up the process.

What should be considered when buying a property in Andorra?

The orientation of the property is very important, since the valleys in Andorra are very narrow and we could find a property facing south.

It is important to ensure that access to the property is adapted to our lifestyle, because Andorra has a very variable climate and in winter we can encounter heavy snowfall, especially in the upper parishes.

We also have to look closely at whether there will be any type of new construction that could potentially cover the views we have initially, because Andorra is a country that is constantly evolving.

Having good insulation and a good system to heat the property is essential, but it is not always something we can control with all constructions in Andorra.

Having a parking space is something that must be taken into account, if there is no such possibility, it should be seen if it is possible to have it a few meters from the property.

Consider these tips when buying in Andorra, but it's always good to have the opinion and support of a professional to speed up the process.

What should be considered when buying a property in Andorra?

The orientation of the property is very important, since the valleys in Andorra are very narrow and we could find a property facing south.

It is important to ensure that access to the property is adapted to our lifestyle, because Andorra has a very variable climate and in winter we can encounter heavy snowfall, especially in the upper parishes.

We also have to look closely at whether there will be any type of new construction that could potentially cover the views we have initially, because Andorra is a country that is constantly evolving.

Having good insulation and a good system to heat the property is essential, but it is not always something we can control with all constructions in Andorra.

Having a parking space is something that must be taken into account, if there is no such possibility, it should be seen if it is possible to have it a few meters from the property.

Consider these tips when buying in Andorra, but it's always good to have the opinion and support of a professional to speed up the process.