LEV House

While much of Europe edges towards a property recession, the tax haven of Andorra appears to be bucking the trend.

Signs early this year were not good, with few buyers around.

Andorra is a ski country as well as a tax haven, and traditionally the year gets off to a flying start with many serious skiers looking [...]

Property prices in Andorra have risen by an average of ten per cent a year over the last decade, with the last two years showing particularly impressive gains of 19 and 16 per cent.

But 2007 was set to see a freeze in the rises as the traditional ski season sales failed to materialise.

The 2007 ski [...]

Apartments and chalet prices in Andorra, second only to Monaco in popularity among Europe’s tax havens, have risen consistently over the last decade by an average of ten per cent a year, and in the last two years by over fifteen per cent.

But a lack of snow and tourists in December and January has stopped [...]

London’s City and New York’s Wall Street and other top level warnings have been coming thick and fast that real estate prices around the world are likely to fall heavily in 2008 and through to 2009.

But the tax haven of Andorra goes against economic reasoning and could see a rise in value this year – [...]

The Andorra property market has been used to a decade of steadily rising prices, with many of the local population buying new property off-plan and selling them again at higher prices to outsiders later on.

But 2007 saw a hiccup in this wealth creating enterprise, with prices rising by around 4 per cent instead of the [...]

Hey, check out these auctions:
Cool, arent they?

House prices in Andorra have risen by an average of ten per cent a year over the last decade, with the last two years showing particularly impressive gains of 19 and 16 per cent.

But 2007 was set to see a freeze in the rises as the traditional ski season sales failed to materialise.

The 2007 ski [...]

Hey, check out these auctions:
Cool, arent they?

Hey, check out these auctions:
Cool, arent they?