Many people when visiting Andorra fall in love with the place and decide to make it their second home. When the buyer is not a resident of the country, it is easy to acquire real estate; following some steps required by law.
People who decide to buy real estate in Andorra, must cover the expenses arising from the notary’s management. That is, everything that is related to the purchase of the property.
Expenses are normally a fixed rate. Notary fees are between € 600 and € 1,200. In addition, 0.1% of the value of the property is added. That value is the final sale price.
The buyer is responsible for paying the property tax to Andorra, which is divided into two. Half to the town hall of the town where the property is located and the other half to some government. This part received by the government of the Principality is a “Property transfer tax”.
The total tax value is 4% of the property value. Then it splits in two.
Buying a property in Andorra is an easy decision to make. The vast majority of non-residents want to live in the Principality of Andorra .
This beautiful country located in the middle of the Pyrenees (a mountain range) has many advantages. It is an irresistible place for future buyers.
Some of the advantages are:
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