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Article #232: Advice on buying Andorra Property

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As a non resident you need to apply for a the Andorran Government will relax the
soliicitud from the Andorran Government, law of only allowing of a non - resident
this document in Catalan requests to own only one property. At this time if
permission for you to purchase the a second property is sought then it must
property in question; this is granted be registered in another family name (not
automatically to persons fulfilling these a spouse) or in the name of an Andorran
conditions company.
1 Property purchasers must be 18 years COSTS
and over Typical costs for property purchase of an
2 Must have a current passport or apartment 100sq metres priced at €
National Identity Papers 300000
3 Does not hold a title deed to another Government purchase tax
Andorran property 3750
4 The property that is to be purchased, Government AfA purchase tax
if an old one, had at the time of 3750
construction been authorised by the Notary Fee
government to be constructed, and 1500
complied with the building regulations in Government Suplien
force at that time. It goes to say that 190
any new property must comply with the Electricity connection
building regulations in force at this 117
time. Telephone connection
Once you have made the decision to 36
purchase a property in Andorra you will Community Fund
required to make a deposit of 10 given to 600
the seller this is a non refundable Total 9943
deposit should the purchaser withdraw on MORTGAGES
unreasonable grounds. Mortgages are available for property
Normally within 6 weeks the purchase purchase in Andorra, banks will lend up
contract is signed in front of the to 60 over 15 years
notary, the balance of the money is paid, These guidelines are meant for guidance
and the title deed issued. only and describe a straightforward
BEWARE if you are offered a property for purchase scenarios. However this
sale by someone offering a PROMESA information is not meant to replace
IRREVOCABLEDE COMPRA-VENDA (an proper legal advice, which we always
irrevocable private contract of sale) insist you take. John Everitt is a
this practise of selling property has consultant to Globespan European property
been outlawed by the Andorran government. portal.
It is possible in the near future that






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