Clean mountain air, low crime rate, attractive tax system, excellent health care and connectivity draws foreign residents and second homeowners mainly from France, Spain, Portugal but also the UK. Andorran nationals make up around 48% of the population. The well-known ski resorts, nature parks and duty free shopping make Andorra popular with tourists (over eight million visitors a year pre pandemic) enjoying winter sports and mountain pursuits. Local and tourist demand for accommodation creates opportunity for property investment too. Rental prices have increased. It is important to get good advice.
Currently there are minimal restrictions on foreign ownership of property, resident or non-resident. You must have a clean criminal record and must be of legal age. Non-residents will need to get authorisation from the Government, which takes a couple of weeks. Our affiliate partners are on hand to provide guidance and help.