Living the high life in Andorra
Nestled high in the Pyrenees mountains on the border between Spain and France is the is the independent principality of Andorra, the sixth smallest nation in Europe. Famed for its tax-haven status, ski resorts and duty-free shopping, this tiny country has become one of the most popular tourist destinations in Europe.
But what makes it so appealing to the millions of people who pass through each year? Andorra has the 4th highest life expectancy (82 years) in the world, mainly due to the healthy outdoors lifestyle combined with its local gastronomy, influenced by both French and Catalan cuisine. One of its main attractions is the country’s landscape and the outdoor sporting opportunities, such as world-class skiing, mountain biking and horse riding.
With over 300 kms of snow covered slopes, skiing and snowboarding are both popular winter sports. For those looking for winter sports off the ski slopes, Dog Mushing, Ice Skating and exploring the scenery on a snowmobile are great snow activities.
2,000 shops of duty-free shopping offers some great offers and promotions - from gourmet food and drinks, jewellery, perfume, electronics and sports goods, there’s something for everybody.
Andorra’s rich cultural heritage began with the Romans. With more than 25 museums, monuments and places of cultural interest, Andorra is full of secrets to discover. Many of the national festivals revive the cultural traditions and the Andorra Constitution Day is celebrated on 14 March each year.
Europe’s largest spa complex, Centre Termolúdic Caldea, sits in the heart of Andorra la Vella and is easily recognised by its impressive glass pyramid tower. The building features over 6,000 square meters of pools and treatments areas, including both indoor and outdoor lagoons, many saunas and jacuzzis and a specialised spa featuring Indo-Roman baths.
Andorra offers a lifestyle second to none so it’s no surprise that it attracts property investors. The relaxation of residency rules in 2012 gives foreigners the same property ownership rights as citizens and the construction of the new Pyrenees airport and a new heliport in the capital, Andorra is even more accessible to property owners abroad.
Andorra is a great place to invest in rental properties with average rental income of between €400 for a small apartment up to €4,000 for a chalet or terrace house. Due to its status as a tax haven with no income and inheritance taxes and no capital gains tax on property held for more than 12 years, Andorra is appealing to expatriates and residents alike.
As property price continue to rise, now is the time to invest in properties for sale in Andorra.
For more information about luxury real estate for sale in Andorra, search our database search facility at the top of this page or complete the form below and a senior consultant from Butterfly Residential will be in touch.