Guide to Buying a Home in Andorra

Here is a list of important steps and considerations:

Legal requirements

• Residence: If you are a resident, you will have fewer restrictions on purchasing. As a non-resident, you will need to comply with additional regulations.
• Foreign Investment Authorization: Essential for foreigners who want to buy in Andorra. You must apply and submit personal information and property details.

Purchase Steps

• Research and Selection: Define your preferences and look for properties that fit your needs. Consider location, size and budget.
• Legal and Financial Advice: Work with a specialized attorney and financial advisor to review contracts and understand total costs.
• Reservation and Deposit Contract: Make an initial payment to reserve the property and sign a deposit contract that establishes the conditions and terms.
• Deed of Sale: It is signed before a notary and establishes the final terms of the purchase, including the price and description of the property.

Additional considerations

• Taxes: You will be subject to taxes such as the IGI or ITP. If you are a non-resident or a resident with less than 3 years in the country, you will pay an additional 3% tax for your first home.
• Notary Fees: Prepare for notary fees and other expenses associated with signing and formalizing the purchase.

Practical tips

• Visit the Property: Before buying, be sure to visit the property and evaluate it personally.
• Understand the Market: Research the Andorran real estate market to make an informed decision.
• Plan Long Term: Consider your future plans and how the property fits into them.

I hope this guide is useful to you to start your purchasing process in Andorra. If you have more questions or need additional assistance, the RS THOMAS Real Estate team is here to advise and help you, do not hesitate to contact us.

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