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Sunday, May 5, 2024

The moratorium on foreign investment is lifted

Andorra la VellaThe government has announced that the moratorium on foreign real estate investment is being lifted. Foreign persons or entities wishing to acquire a home will have to pay a fee, which will vary from 3 to 10%, for example, depending on the real estate units in which it is invested. In addition, they explain that foreign investments intended for the construction of rental housing will have a 90% tax rebate. The moratorium has been lifted with the approval of the budget. The real estate agencies were waiting for the measure because since the veto the flats market had stopped almost completely.

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