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Many factors affect the actual annual rate of appreciation in property values, but as a general guide an analysis of sales over the last 10 years shows an average appreciation of over 10% in Sterling terms. Be cautious of claims of higher appreciation.

Both residents and non residents are able to borrow money from local banks for the purchase of a property in the Principality. The current terms for non residents available are 60% of the purchase price for up to 15 years at a fixed interest rate of 6%*. Capital and interests repayments are made together. The bank is the first creditor in the case of default. *Loan in Euros - subject to change.

Andorra gives a genuine welcome to foreign visitors and investors. The resident or owner of property will be amazed by the total lack of government intrusion. Inspectors, annual returns, declarations etc. are conspicuous by their absence.

When purchasing a condominium property in Andorra the owner, apart from acquiring the freehold title for the apartment, also becomes co-owner of all the common elements in the building, the plot of land on which the building is erected, the public entrance halls, staircases, lifts and elevators etc. The costs of maintenance of these elements are paid proportionally by the various owners in the building. A typical community charge for a studio might be 600 Euros and a 3 bedroom flat 1200 Euros per annum.

There is no import duty on personal household furniture brought into Andorra providing it is not new and there is no intention to resell.